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Reuters
Reuters
Business
By Andrea Shalal

World Bank's private arm launches $2 billion program to help Ukrainian businesses

World Bank IFC Ukraine Makhtar Diop Russia
FILE PHOTO: 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's private investment arm on Thursday said it had launched a $2 billion support package for Ukraine to help build the resilience of the Ukrainian private sector devastated by Russia's war and to prepare for reconstruction.

The International Finance Corp said the new Economic Resilience Action Program for Ukraine includes up to $1 billion from IFC’s own account, with additional financing contingent on guarantees from donor governments.

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