World Bank's Malpass outlines US$700m in planned loans in call with Ukraine's Zelenskiy

[WASHINGTON] World Bank president David Malpass told Ukrainian President Volodymyr Zelenskiy on Friday (Mar 4) the bank was working on loan programs worth about US$700 million for Ukraine that would be disbursed by the end of March, the bank said.

Malpass said the bank was submitting a supplemental loan worth nearly US$500 million to the board on Friday, with new projects and restructuring of ones to provide an additional US$200 million in fast-disbursing support by the end of March.

He said the World Bank had also set up a fast-disbursing multi-donor trust fund (MDTF) to help channel grant resources from donors to Ukraine, with over US$130 million in commitment received to date from Britain, Denmark, Latvia, Lithuania, and Iceland. REUTERS