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World Bank to Give Ukraine $530 Mln in Additional Aid

World Bank to Give Ukraine $530 Mln in Additional Aid

Saturday, 1 October, 2022 - 06:15
A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia's invasion of the country continues, reported Reuters.


The aid is supported by the United Kingdom ($500 million) and the Kingdom of Denmark ($30 million), the World Bank said in a statement.


Of the total aid of $13 billion to Ukraine to date, $11 billion has been fully disbursed, the bank added.


The World Bank's most recent analysis puts the total long-term cost of reconstruction and recovery in Ukraine over the next three years at well over $100 billion, said Arup Banerji, World Bank Regional Country Director for Eastern Europe.


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