The IMF also continues to work on the Ukrainian Stand-By Arrangement program, according to which an additional $2.2 billion is available from now until the end of June.
The World Bank is preparing a $3 billion aid package for Ukraine / REUTERS photo
Already next week, the International Monetary Fund plans to make a decision on emergency financing of Ukraine in the amount of $1.4 billion, in addition, the World Bank is preparing a $3 billion assistance package for Ukraine in the coming months.
This is stated in a joint statement by IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass.
“At the IMF, we are responding to Ukraine’s request for emergency funding through the Rapid Financing Facility, which our board may consider as early as next week. At the World Bank Group, we are preparing a $3 billion support package in the coming months, starting with the Rapid Disbursement Operation of at least $350 million to be submitted to the board for approval this week, followed by $200 million in rapid health and education support This package will include the mobilization of funding from multiple development partners and we welcome the already announced support from by many bilateral partners,” the statement said.
It is also noted that the IMF continues to work on the Ukrainian Stand-By Arrangement program, according to which an additional $2.2 billion is available from now until the end of June.
When the war is over, Russia will have to pay one trillion dollars in reparations.