World Bank board approves $1.49 billion in new funds for Ukraine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 8/6/2022 10:11 AM
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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 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. Finance leaders from the Group of Seven industrial democracies last month pledged $9.5 billion in new funding, bringing their non-military support to nearly $20 billion.

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Oh dear, post-war Ukraine will have another huge debt to pay🤔

And Palestine? 🇵🇸

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