WORLD Ukraine attracts $11 bln from partners via World Bank since start of conflict

WORLD

Ukraine attracts $11 bln from partners via World Bank since start of conflict

Xinhua

14:26, September 24, 2022

Photo taken on April 17, 2020 shows the World Bank headquarters in Washington D.C., the United States. (Photo: Xinhua)

KIEV, Sept. 23 (Xinhua) -- Ukrainian Prime Minister Denys Shmyhal said on Friday that his country has attracted 11 billion U.S. dollars from its partners via the World Bank (WB) since the start of the military conflict between Russia and Ukraine.

"Loans and grants, including from the U.S. and Great Britain, totaling about 11 billion dollars have been raised through the Bank's instruments since February 24," Shmyhal said on Facebook after the meeting in New York with WB Managing Director of Operations Axel van Trotsenburg and WB Vice President Anna Bjerde.

The WB is actively working on the creation of new mechanisms for attracting grants and investments for Ukraine's post-conflict recovery, Shmyhal said.

Next year, Ukraine is also willing to launch cooperation with the WB in the energy sector, he added.

According to a joint assessment released on Sept. 9, the government of Ukraine, the European Commission, and the World Bank estimated that Ukraine would need about 350 billion dollars for post-conflict reconstruction.

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