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2022.06.08 10:17 GMT+8

World Bank board approves $1.49 billion in new funds for Ukraine

Updated 2022.06.08 10:17 GMT+8
CGTN

The World Bank's executive board approved $1.49 billion of additional financing for Ukraine on Tuesday to help pay wages for government and social workers, expanding the bank's total pledged support to over $4 billion.

The World Bank said in a statement that the latest funding is supported by financing guarantees from Britain, the Netherlands, Lithuania and Latvia. The project is also being supported by parallel financing from Italy and contributions from a new Multi-Donor Trust Fund.

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