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World Bank announces additional $4.5 billion in Ukraine aidThe funds will help Kyiv pay for services and pensions, key to easing economic impacts of the Russian invasion
AFP
Last Updated IST
World Bank headquarters in Washington, DC. Credit: AFP File Photo
World Bank headquarters in Washington, DC. Credit: AFP File Photo

The World Bank on Monday announced it was mobilising another $4.5 billion in financial support for war-torn Ukraine.

The funds will help Kyiv pay for services and pensions, key to easing economic impacts of the Russian invasion, the bank said in a statement.

"Ukraine needs continued government services, including health, education, and social protection to prevent further deterioration in living conditions and poverty," World Bank President David Malpass said.

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(Published 09 August 2022, 08:20 IST)