The World Bank announced today that it will provide nearly $ 200 million in additional financial assistance to Ukraine to strengthen social services for vulnerable groups in the country. It is recalled that last week the disbursement of another 723 million dollars was approved.
The funding is part of a $ 3 billion bailout package that the World Bank has announced it is preparing for Ukraine in the coming months.
Meanwhile, World Bank President David Malpa today warned individuals and businesses not to stockpile food and petrol despite rising prices sparked by Russia’s invasion of Ukraine and massive sanctions imposed on Moscow.
Speaking at an online event hosted by the Washington Post, the World Bank president said sanctions would have a greater impact on global economic output than the war itself.
He noted that he expects a strong response from producers around the world in order to increase supplies when needed and added that he sees no need to stockpile kitchens and restaurants.
Source: AMPE
Source: Capital
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