The World Bank issues a 1.5 billion USD loan to Ukraine

Washington [US]June 30 (ANI): The World Bank press service said on Friday that the International Monetary Fund (IMF) board approved a $1.5 billion loan to Ukraine, Russian news agency TASS reported.

In addition, according to the statement, the funds "will help provide relief to households and mitigate the effects" of Russia's special military operation, TASS reported.

The loan is guaranteed by the Government of Japan as part of the Advance Needed Credit Enhancement for Ukraine Trust Fund (ADVANCE Ukraine) initiative.

Earlier this week, at least four people, including a child, were killed and several others injured on Tuesday night when a Russian missile hit a busy area in the center of Kramatorsk in eastern Ukraine, CNN reported, citing local authorities.

Shortly after the strikes, emergency services were on the scene and helped the injured.

Last year, the World Bank on Monday approved a $723 million package of loans and grants to Ukraine, providing state budget support.

The international lender approved an additional budget support package for Ukraine, called Financing of Recovery from Economic Emergency in Ukraine - or FREE Ukraine - for $489 million, the bank said in a statement.

The bank also informed that the World Bank's initial support was increased with guarantees from the Netherlands for EUR 80 million (equivalent to USD 89 million) and Sweden for USD 50 million.

So far, the global organization has mobilized over $37.5 billion to help Ukraine meet its basic needs. (ANI)


https://nord.news/2023/06/30/the-world-bank-issues-a-1-5-billion-usd-loan-to-ukraine/?feed_id=35748

Comments

Post a Comment

Popular posts from this blog

Hear Vetenskapsradio about the Nobel Prize in Chemistry

Image
On Wednesday, the Royal Swedish Academy of Sciences announced who will be awarded the 2023 Nobel Prize in Chemistry. The Nobel Prize rewards the discovery and development of quantum dots and goes to Moungi G. Bawendi, Massachusetts Institute of Technology (MIT), Cambridge, MA, USA, Louis E. Brus, Columbia University, New York, NY, USA, and Alexei I. Ekimov, Nanocrystals Technology Inc., New York, NY, USA. Hear Vetenskapsradion In depth about the prized discoveries. https://nord.news/2023/10/04/hear-vetenskapsradio-about-the-nobel-prize-in-chemistry/?feed_id=48096
Read more

Study: The right time for physical activity increases fat metabolism

Image
Solna [Sweden]February 18 (ANI): According to a recent study from Sweden's Karolinska Institute and Denmark's University of Copenhagen, mice that exercised during an early active phase, which is comparable to morning exercise in humans, had higher metabolic rates than mice that exercised during a time when they usually rested. The results of the study were published in the journal PNAS. Physical activity at different times of the day can affect the body in different ways because the biological processes depend on the circadian rhythm of the cells. To determine how the time of day when the exercise is done affects fat burning, researchers at the Karolinska Institutet and the University of Copenhagen studied the adipose tissue of mice after a session of high-intensity exercise performed at two points in the daily cycle. an early active phase and early resting phase (equivalent to late morning and late evening sessions in humans). The researchers studied various markers for ...
Read more

Heat, wildfires threaten southern Europe's vital tourism sector

Image
ATHENS, Greece: The Greek island of Rhodes, which is known for its beaches and ancient sites, is still recovering after 11 days of devastating wildfires in July. Following thousands of people being evacuated during the height of the travel season, Rhodes is now reflecting on how the crisis will affect its vital tourism sector, which accounts for most of its economy and some 20 percent of the entire Greek economy. Other Mediterranean destinations, such as Italy and Spain, also saw their tourism sectors hit hard by heat waves and wildfires this summer. According to European Union (EU) estimates, Greece, Italy, Algeria and Tunisia lost more than 1,350 square kilometers (520 square miles) to fires that affected 120,000 people in late July. Greece is expecting further extreme heat in the coming days. However, Rosa Mara Lopez, mayor of Villardeciervos in northwestern Spain, which was ravaged by fires last summer, said hikers are still coming to the area. "Tourism is bound to s...
Read more