World Bank, IMF racing to get aid to Ukraine in coming weeks, months - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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IMF and World Bank on Tuesday said they were racing to provide billions of dollars of additional funding to Ukraine in coming weeks and months, adding the conflict there is creating “significant spillovers” to other countries. Russia

The International Monetary Fund headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S.The International Monetary Fund headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S.

Sanctions imposed by the United States, Europe and other allies would also have a significant economic impact. “People are being killed, injured, and forced to flee, and massive damage is caused to the country’s physical infrastructure,” Georgieva and Malpass said in a joint statement. The two institutions said they were also assessing the economic and financial impact of the conflict and refugees on other countries in the region and the world.

 

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