World Bank prepares $350M to allocate to Ukraine
The World Bank on Saturday said it was preparing a $350 million disbursement to Ukraine to be considered by the group's board by the end of March, Reuters reports.
Driving the news: The disbursement would be part of a plan for short- and long-term financing, World Bank President David Malpass said in a meeting with Ukrainian President Volodymyr Zelensky, per Reuters.
- The World Bank package would also include further budget support, per Reuters.
- The World Bank did not immediately respond to Axios' requests for comment.
State of play: The World Bank and the International Monetary Fund earlier this week announced that they were relocating some staff from Ukraine amid rising concerns over a Russian invasion.
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