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World Bank to give Ukraine $530m in additional aid

| Updated: October 01, 2022 20:18:21


World Bank to give Ukraine $530m in additional aid

The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia's invasion of the country continues.

The aid is supported by the United Kingdom ($500 million) and the Kingdom of Denmark ($30 million), the World Bank said in a statement, reports Reuters. 

Of the total aid of $13 billion to Ukraine to date, $11 billion has been fully disbursed, the bank added.

The World Bank's most recent analysis puts the total long-term cost of reconstruction and recovery in Ukraine over the next three years at well over $100 billion, said Arup Banerji, World Bank Regional Country Director for Eastern Europe.

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