World Bank loan disbursement in Ukraine grows to 460 million euros – sources By Reuters

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© . A view shows a residential building damaged by recent shelling as the Russian invasion of Ukraine continues, in Chernihiv, Ukraine on March 3, 2022. REUTERS/Roman Zakrevskyi

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WASHINGTON () – An emergency payout from the World Bank to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted to the board of directors for approval Friday, two people familiar with the transaction. The Ukrainian government could receive the money almost immediately after the board approves the loan, which may be delayed until Monday, one of the sources told . The payout, arranged at an unusual rate for the development lender, would provide Ukraine with much-needed money to bolster its defenses against a Russian invasion that killed thousands and unleashed bombing of urban centers and Europe’s largest nuclear power plant. Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data. Fusion Media or anyone associated with Fusion Media accepts no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

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