October 3, 2022

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World Bank approves $723 million in loans, grants for Ukraine

The World Bank said its executive board on Monday approved a $723 million package of loans and grants for Ukraine  providing government budget support as the country battles a Russian invasion.

The package includes a $350 million loan supplement to a prior World Bank loan, augmented by about $139 million through guarantees from the Netherlands and Sweden, the bank said in a statement. The package also includes $134 million in grants from Britain, Denmark, Latvia, Lithuania and Iceland, as well as parallel financing of $100 million from Japan.