World Bank Says It Is Preparing $1.5 Billion Aid for Ukraine

The World Bank is preparing $1.5 billion for its next financial assistance package to war-torn Ukraine, World Bank President David Malpass said on Tuesday.

Speaking in Warsaw after talks with Polish officials over Ukraine, Malpass said the package was approved on Monday to include $1 billion in International Development Association aid.

The aid follows an emergency disbursement of $923 million from the international lender to Ukraine last month.

Malpass said that the World Bank’s support was helping the country provide critical services such as paying hospital workers and providing social programs.

Malpass was meeting with Warsaw’s Mayor Rafal Trzaskowski to discuss Western cooperation to support Ukraine during its war with Russia and countries hosting Ukrainian refugees.

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