World Bank to give Ukraine $530 mln in additional aid

Reuters Updated - October 01, 2022 at 04:28 PM.

The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia's invasion of the country continues.

Of the total aid of $13 billion to Ukraine to date, $11 billion has been fully disbursed, the bank added.

The World Bank's most recent analysis puts the total long-term cost of reconstruction and recovery in Ukraine over the next three years at well over $100 billion, said Arup Banerji, World Bank Regional Country Director for Eastern Europe.

Published on October 1, 2022 04:46

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