World Bank provides $11 billion in aid to Ukraine

The World Bank continues supporting Ukraine’s push for financial support. Last month the World Bank announced $4.5 billion in additional financing for Ukraine under its Public Expenditures for Administrative Capacity Endurance (PEACE) in Ukraine project. The package is comprised of a $4.5 billion grant provided by the US.

“The World Bank Group is working hard to support the continuation of essential government services,” it said, in a statement provided to MarketWatch last week. “We have mobilized $13 billion in emergency financing, including commitments and pledges to provide wages for hospital workers, government and school employees, pensions for the elderly, salaries for public servants, and social programs for the vulnerable.” Of that amount, $11 billion has been fully disbursed, according to the World Bank.