Ukraine has attracted $11 billion via the World Bank since the conflict with Russia

Ukrainian Prime Minister Denys Shmyhal said his country had attracted $11 billion from its partners through the World Bank (WB) since the start of the military conflict between Russia and Ukraine.

“Loans and grants, including from the United States and Britain, totaling approximately $11 billion have been raised through the Bank’s instruments since February 24,” Shmyhal added on Facebook Friday after the meeting in New York with WB Chief Operating Officer Axel van Trotsenburg and WB Vice President Anna Bjerde.

The World Bank is actively working to create a new mechanism to attract grants and investments for Ukraine‘s post-conflict recovery, he said.

Next year, Ukraine is also ready to start cooperation with the WB in the energy sector, he added.

According to a joint assessment released on September 9, the Ukrainian government, the European Commission and the World Bank estimated that Ukraine would need around $350 billion for post-conflict reconstruction, Xinhua news agency reported. .



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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