Washington . The World Bank Group is ready to provide Ukraine with immediate financial support amid the conflict with Russia, President David Malpass said.
“We stand ready to provide immediate support to Ukraine and are preparing options for such support, including fast-disbursing financing. Alongside development partners, the World Bank Group will use all our financing and technical support tools for rapid response,” Malpas said in a statement on Thursday.
The World Bank is currently engaged in “active dialogue” with Ukraine’s neighbors to also support them as well and make additional resources available, Malpass added. Earlier on Thursday, Russia launched a military operation after the breakaway republics of Donetsk and Luhansk requested assistance to defend themselves from ongoing attacks by Ukrainian troops.
The Russian Defense Ministry said the operation is targeting the military infrastructure of Ukraine and civilians are not in danger. Moscow says that it has no plans to occupy Ukraine.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
