AFP, Washington :
The World Bank (WB) on Monday approved an additional $489-million package in support for Ukraine, to be made available immediately and dubbed ‘Financing of Recovery from Economic Emergency in Ukraine,’ or ‘FREE Ukraine.’
On March 1, the Washington-based institution announced it was preparing
emergency aid worth $3 billion for Ukraine, of which at least $350 million
were to be released immediately. The board of directors decided to disburse
an even larger amount on Monday. “The package approved by the Board consists of a supplemental loan for $350 million and guarantees in the amount of $139 million,” it said in a statement.
