A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for board approval on Friday, two people familiar with the transaction said.
Ukraine's government could receive the loan funds almost immediately after board approval, which may be delayed until early next week, one of the sources told Reuters. The disbursement, arranged with unusual speed for the development lender, would provide Ukraine with desperately needed cash to fund government operations as it battles a Russian invasion that has killed thousands and unleashed devastating bombardments of urban centers.
The Netherlands will guarantee a 95 million euro increase in the loan, while Sweden will back a
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First Published: Mar 04 2022 | 11:03 AM IST