World Bank to allocate $723 million to Ukraine

The World Bank board has approved the use of $723 million to help Ukraine, Report informs with reference to the website of the financial institution.

Thus, an aid package for $489 million was approved, of which $350 million will be a loan and $139 million are provided as guarantees.

In addition, a grant of $134 million and parallel funding of $100 million will be allocated.

"As a result, the support in the amount of $723 million will be activated," the message says.