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Reuters

Business

David Lawder

Exclusive-World Bank pushes for $350 million Ukraine loan approval within days -sources

Ukraine World Bank Russia

FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

The World Bank is pushing for "fast-track" approval of an additional $350 million loan for Ukraine within days, to provide emergency cash for its efforts to defend against Russia's invasion, people familiar with the plans said.

The expansion of an existing loan would provide "budget support" to Ukraine, leaving no restrictions on how President Volodymyr Zelenskiy's government can spend it, the sources told Reuters.

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