The World Bank is planning $ 350 million in aid to Ukraine to support reforms
World Bank the head of the agency is considering allocating up to $ 350 million to Ukraine to support reforms David Malpass said on Saturday during a meeting with the President of Ukraine Volodymyr Zelensky.
“President Malpass confirmed that the World Bank is preparing quick budget support – to be considered by the government by the end of March – for up to $ 350 million to support ongoing reforms,” the bank said in a post-meeting statement, Sputnik reported.
Mr Malpass emphasized that aid would continue to be given to Ukraine. Earlier on Tuesday, the United States also reaffirmed its strong commitment to the Ukrainian people, and the Biden administration has provided Ukraine with a state loan guarantee of up to $ 1 billion to support Ukraine’s economic reform program and continued cooperation with the International Monetary Fund (IMF). ) With the increase of the Russian army.
This offer – combined with a strong partnership between Ukraine, the IMF, other international financial institutions, the G7 and other bilateral donors – will strengthen Ukraine’s ability to ensure economic stability, growth and prosperity in the face of Russia’s “destabilizing behavior”. “, according to the official statement.
Tensions in Ukraine in particular have increased in recent months as Russia and NATO accuse each other of gathering troops on the Russian-Ukrainian border. The United States and Ukraine accuse Russia of preparing to attack the country. Meanwhile, Moscow denies the allegations and claims it has no intention of attacking any country.
The conflict between the Ukrainian government and the secession of the Donetsk and Luhansk People’s Republics in Donbass has continued since 2014. The Minsk agreements aimed at finding a political solution to the conflict were negotiated by the leaders of France, Germany, Russia and Russia. Ukraine – Normandy Group – in February 2015. However, the agreement has not yet been complied with and occasional clashes continue.
Source: ANI