World Bank considers massive loan to Ukraine ...News

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World Bank considers massive loan to Ukraine
The UN-affiliated lender says a $1.5 billion support package is awaiting approval The World Bank’s President David Malpass said on Tuesday the lender is preparing a $1.5 billion support package for war-torn Ukraine. The loan will include a $1-billion payment from the development lender’s fund for the poorest countries. According to Malpass, who was speaking in Warsaw, the package was enabled by Monday's approval of $1 billion in International Development Association (IDA) aid by donor and recipient countries, as well as a $100-million IDA payment to neighboring Moldova. He explained the bank’s support as aimed at

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