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World Bank preparing finance options for Ukraine: Malpass
World Bank preparing finance options for Ukraine: Malpass
Reuters
Published Feb 25, 2022 08:11 AM PHT
Smoke rises from the territory of the Ukrainian Defence Ministry's unit, after Russian President Vladimir Putin authorized a military operation in eastern Ukraine, in Kyiv, Ukraine February 24, 2022. Valentyn Ogirenko, Reuters
WASHINGTON - World Bank President David Malpass said the lender stands ready to provide immediate support to Ukraine amid "shocking violence and loss of life," and is preparing options for fast-disbursing financing.
Malpass said in a statement he has mobilized the World Bank Group's Global Crisis Risk platform to coordinate a response to the invasion among the lender's various divisions.
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