The World Bank is preparing to pay $ 350 million to Ukraine

Mar 14, 2022 | News

The World Bank Group said it was preparing a $ 350 million disbursement for Ukraine, which the group’s board would consider by the end of March as part of the country’s short-term and long-term financing plan.

Meeting with Ukrainian President Vladimir Zelensky on Saturday, World Bank President David Malpas said the group would continue to support the Ukrainian people and economy for short-term and long-term funding needs, the group said in a statement.

The initial World Bank funding will be followed by additional budget support and more reforms, including in the field of energy and climate, the statement said.

Malpas and Zelensky also discussed a number of projects for Ukraine, including energy efficiency, infrastructure, railways and strengthening the economy and job opportunities in eastern Ukraine.