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The World Bank on Monday approved an additional $489-million package in support for Ukraine, to be made available immediately and dubbed “Financing of Recovery from Economic Emergency in Ukraine.”
On March 1, the Washington-based institution announced it was preparing emergency aid worth $3 billion for Ukraine, of which at least $350 million were to be released immediately.
The board of directors decided to disburse a larger amount on Monday.
“The package approved by the Board consists of a supplemental loan for $350 million and guarantees of $139 million,” it said in a statement.
“The fast-disbursing support will help the government provide critical services to Ukrainian people,” it said.
(TDS)
