World Bank Funds Boost Ukraine's Economic Stability

The World Bank has approved a $2.05 billion Development Policy Operation for Ukraine, including the first grant from a $20 billion U.S. loan fund. The package aims to enhance Ukraine's financial stability and includes $1.05 billion with guarantees supported by Japan and Britain.

The World Bank has announced the approval of $2.05 billion in Development Policy Operation funding for Ukraine. This package includes the first grant from a new $20 billion U.S. loan fund backed by income from frozen Russian assets.

Aimed at bolstering Ukraine's financial and economic stability, the package also features $1.05 billion from the World Bank. This sum is supplemented by loan guarantees from a trust fund supported by Japan and Britain.

The funding is geared towards enhancing Ukraine's fiscal resilience and promoting economic steadiness amid ongoing challenges.

(With inputs from agencies.)