Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Israeli army's investigation into the rocket that fell in Haifa without warning: The Iranian missile's warhead was not detected
Israeli media: The air force's surveillance systems failed to detect the Iranian missiles, leading to a series of failures
Israeli media: The army's investigation revealed that the missile was not detected, thus no interception means were fired at it, and the sirens were not activated
Israeli media: The army's updated investigation into yesterday's Iranian missile strike on Haifa reveals a serious flaw
Anwar Gargash, advisor to the UAE president: Smotrich's insolence has reached the point of calling for Gulf, German, French, and British funding for 'Israel's' war on Iran
Colombian President: The solution starts with Netanyahu, who should stop bombing Palestine, declare a ceasefire, and stop endangering all of humanity
Colombian President Gustavo Petro: It all started with the bombing of Palestinian children and the genocide of the people of Gaza, and now we are on the verge of a world war
Iranian Army Commander from War Operations Room: Every time the United States commits a crime, it receives a decisive response, which will happen this time as well
Spain's foreign minister: I will ask EU to approve immediate suspension of trade agreement with 'Israel'
Spain's foreign minister: I will ask EU foreign minister today to say no towar and yes to diplomacy

World Bank disburses additional $500 mln to Ukraine

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Oct 2022 10:40
  • 1 Shares
2 Min Read

The World Bank sends another $500 million to Ukraine " to maintain essential government services."

  • x
  • World Bank disburses additional $500 mln to Ukraine.
    World Bank disburses additional $500 mln to Ukraine.

The World Bank said on Monday it had disbursed an additional $500 million to further fund Ukraine in the ongoing war with Russia.

The International Bank for Reconstruction and Development, the bank's main lending arm, supported the funding with $500 million in loan guarantees from the United Kingdom, the Bank said.

It comes on the eve of a recovery conference in Berlin on Tuesday, where national leaders, development experts, and CEOs will debate how to aid Ukraine.

“The Russian invasion continues to cause massive destruction of Ukraine’s infrastructure – including water, sanitation, and electricity networks – just as winter is approaching, further endangering Ukrainian people,” World Bank Group President David Malpass said in a statement.

“The new portion of financing disbursed today will be used to maintain essential government services. We stand firmly to support the Ukrainian people as they face this unparalleled crisis.”

Related News

World Bank: US growth to halve as tariffs hit global economy hard

World Bank: Global growth to slow sharply, worst since 2008

The World Bank has mobilized a total of $13 billion in financial aid for Ukraine, $11.4 billion of which has already been disbursed.

EU to make monthly aid cash transfers to Ukraine

EU chief Ursula von der Leyen told reporters on October 21 that beginning next year, the EU is planning to provide Ukraine with 1.5 billion euros ($1.46 billion) in monthly economic aid.

According to von der Leyen, Ukraine requested international donors to provide "a stable, reliable and predictable flow" of macroeconomic support.

She further added that Ukraine's conflict with Russia has had an enormous toll on the country's economy and an estimated four billion euros in grants or loans per month would guarantee the maintenance of basic government functions.

Cash transfers will be made on a regular, monthly basis by the EU, US, and international economic institutions.

According to the EU's President, this would see around "1.5 billion per month for Ukraine financed by the European Union. So this will give overall a figure of 18 billion for the next year, an amount Ukraine can count on and where there's a stable and reliable predictable flow of income."

Read next: US announces a new $675 million weapons package to Ukraine

  • World Bank
  • Moscow
  • Russia
  • Kiev
  • Ukraine
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Secretary of Iran's Supreme National Security Council Ali Shamkhani, speaks with then-Syrian Prime Minister Imad Khamis in a meeting in Tehran, Iran, Tuesday, January 17, 2017 (AP)
Politics

Iran holds the initiative after nuclear strikes, Shamkhani says

Blood stains a religious painting inside Mar Elias Church, where a suicide bomber detonated himself in al-Dwela, on the outskirts of Damascus, Syria, on Sunday, June 22, 2025 (AP)
Politics

UN, regional governments condemn Damascus church bombing

A B-2 bomber arrives at Whiteman Air Force Base Missouri, Sunday, June 22, 2025, after returning from a massive strike on Iranian nuclear sites on Saturday (AP)
Politics

Israeli media: US-Israeli strike on Iran failed to end war

China UN Ambassador Fu Cong addresses the United Nations Security Council, Monday, March 24, 2025. (AP Photo/Richard Drew)
Politics

China slam US strikes on Iran nuclear sites

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS