On Saturday, the World Bank Group said that it was prepared to allocate $350M to Ukraine. The group’s board will consider the issue by the end of March as part of a plan to provide funding to the country in both the short and long term. Meeting with Ukrainian President Volodymyr Zelensky on Saturday, World Bank Group President David Malpass said the organization would continue to support the Ukrainian people and economy by meeting short and long-term funding needs.
The World Bank is ready to provide $350M to Ukraine and promises additional support.
The World Bank will allocate $30B for global food security due to the war in Ukraine.