World Bank President David Malpass said the bank was helping Ukraine provide critical services, including paying wages for hospital workers, pensions and social programs
The World Bank is preparing a $1.5-billion support package for war-torn Ukraine and plans to aid developing countries struggling to keep up with surging food and energy prices, World Bank President David Malpass said on Tuesday.
Malpass said the package was enabled by Monday’s approval of $1-billion in International Development Association aid by donor and recipient countries, along with a $100-million IDA payment to neighbouring Moldova. He said the World Bank was analyzing global impacts of the war in Ukraine, including the spike in food and energy prices, and is “preparing a surge crisis response that will provide focused support for developing countries.”
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