World Bank to give Ukraine $530 million in additional aid

Reuters
Updated ·1 min read
A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua

(Reuters) - 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.

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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(Reporting by Juby Babu in Bengaluru; Editing by Kim Coghill)