The package includes a $350 million loan supplement to an earlier World Bank loan, the institution said.
The loan is aimed at helping President Volodymyr Zelensky's government in providing "critical services to Ukrainian people, including wages for hospital workers, pensions for the elderly, and social programs for the vulnerable," per the statement."The World Bank Group stands with the people of Ukraine and the region," said World Bank president David Malpass in the statement.
"This is the first of many steps we are taking to help address the far-reaching human and economic impacts of this crisis."
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