“We stand ready to provide immediate support to Ukraine and are preparing options for such support, including fast-disbursing financing,” World Bank President David Malpass said in a statement, adding that the institution was “horrified by the shocking violence and loss of life” in Ukraine.
In recent cases of abrupt shifts of government power by force, including coups in Myanmar and Sudan, the World Bank has suspended dealings with military-installed governments. IMF Managing Director Kristalina Georgieva said in a tweet that she was “deeply concerned” about the conflict in Ukraine,which “adds significant economic risk for the region & the world.
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