More than $700 Million in Emergency Financing Mobilized for Ukraine
This package includes a supplemental loan for $350 million from the World Bank, as well as guarantees of $139 million, grant financing of $134 million, and parallel financing of $100 million – reaching $723 million of emergency financing. The fast-disbursing support will help the government provide critical services to people in Ukraine.
Tracking the Pandemic's Impact
How much money have you spent in the past seven days? Have you skipped any meals in the past week? Getting objective answers—and checking to make sure they reflect the reality—is one of the biggest challenges faced by surveyors who gather the data that the World Bank uses to assess, for example, changes in poverty levels. The challenge got harder in early 2020 with the onset of COVID.
Developing Economies Must Act Now To Dampen The Shocks From The Ukraine Conflict
The war in Ukraine could not have come at a worse time for the global economy—when the recovery from the pandemic-induced contraction had begun to falter, inflation was surging, central banks in the world’s largest economies were gearing up to hike interest rates, and financial markets were gyrating over a formidable constellation of uncertainties, writes Indermit Gill, the World Bank's Vice President for Equitable Growth, Finance and Institutions. Read his latest piece, originally published by the Brookings Institute.
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