"World Bank to send Ukraine $1.5 billion as food, energy prices spike"
On Tuesday, World Bank President David Malpass said that the bank is drafting a $1.5 billion assistance package for the war-torn Ukraine, and that the bank also aims to assist developing nations that are struggling to keep up with rising food and energy costs. According to Malpass's claims made at the Warsaw School of Economics in Poland, Ukraine is benefitting from the bank's help, which includes payments for medical personnel and pensions among other things. As recently as February, Russia launched an incursion into Ukraine, causing widespread devastation. Although the bank's board of directors has yet to approve the proposal in detail, the spokeswoman stated that it would enable Ukraine to maintain "essential government services" amid the battle with Russia.
Article:
https://www.reuters.com/business/world-bank-says-it-is-preparing-15-billion-aid-package-ukraine-2022-04-12/
By: Joey Jens
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