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Asharq Al-Awsat

World

Asharq Al-Awsat

World Bank Launches $2 bn Ukraine Private Sector Aid Package

World Bank Ukraine IFC Moscow Russia

International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo

The World Bank on Thursday announced a $2 billion package to support Ukraine's private sector, in a bid to help pave the way for reconstruction amid the devastation resulting from Russia's invasion.

The latest package by the International Finance Corporation (IFC), the bank's development arm focused on private-sector development in emerging markets, adds to its ongoing support of Ukraine, AFP said.

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