City
Epaper

Ukraine attracts $11 bn from partners through World Bank since start of conflict

By IANS | Updated: September 24, 2022 07:25 IST

Kiev, Sep 24 Ukrainian Prime Minister Denys Shmyhal said that his country has attracted $11 billion from its ...

Open in App

Kiev, Sep 24 Ukrainian Prime Minister Denys Shmyhal said that his country has attracted $11 billion from its partners through the World Bank (WB) since the start of the military conflict between Russia and Ukraine.

"Loans and grants, including from the US and Britain, totaling about $11 billion have been raised through the Bank's instruments since February 24," Shmyhal added on Facebook on Friday after the meeting in New York with WB Managing Director of Operations Axel van Trotsenburg and WB Vice President Anna Bjerde.

The WB is actively working on the creation of new mechanism for attracting grants and investments for Ukraine's post-conflict recovery, he said.

Next year, Ukraine is also willing to launch cooperation with the WB in the energy sector, he added.

According to a joint assessment released on September 9, the government of Ukraine, the European Commission and the World Bank estimated that Ukraine would need about $350 billion for post-conflict reconstruction, Xinhua news agency reported.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: KyivAnna bjerdeRussiaBankWorld BankReserve bank of in diaDenys shmyhalRiversThe world bank groupIbhRussian parliamentPakistan russia
Open in App

Related Stories

InternationalRussia Train Accident: Goods Train Derails and Bursts Into Flames After Colliding With Truck in Smolensk (Watch Video)

InternationalRussia-Ukraine War: Poland Urges Citizens to Urgently Leave Belarus 'By Any Necessary Means'

EntertainmentTamil Superstar Ravi Mohan Receives Eviction Notice for Chennai Bungalow Over ₹7.64 Crore Unpaid Loan

InternationalPoland Shuts Airports After Russian Drones Sighted in Airspace; Polish Armed Forces Neutralising Flying Objects

InternationalPM Narendra Modi, Chinese President Xi Jinping and Russian President Vladimir Putin Seen Interacting at SCO Summit 2025 in China

Politics Realted Stories

MumbaiAmeet Satam Appointed As Mumbai BJP President Ahead of BMC Polls

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray