The World Bank will loan $100 million to rebuild roads and to promote farming and small business investment in the government-controlled half of Luhansk region, the Bank Board voted Friday. “Thousands of people in conflict-affected communities will benefit from Reconnect, Recover, Revitalize project investments,” said Arup Banerji, World Bank Regional Director. Implying that more Donbas lending will follow, he said: “This is the first loan in the World Bank’s portfolio, targeted to help the Government of Ukraine deliver on its commitment to outreach and development support for conflict-affected populations.”
The World Bank will loan $100 million to rebuild roads and to promote farming and small business investment in the government-controlled half of Luhansk region, the Bank Board voted Friday.
