Posted on 06/07/2022 6:49:57 PM PDT by American Number 181269513
The World Bank's executive board approved $1.49 billion of additional financing for Ukraine on Tuesday to help pay wages for government and social workers, expanding the bank's total pledged support to over $4 billion.
The World Bank said in a statement that the latest funding is supported by financing guarantees from Britain, the Netherlands, Lithuania and Latvia. The project is also being supported by parallel financing from Italy and contributions from a new Multi-Donor Trust Fund.
Ukraine has said that it needs at least $5 billion per month in the near term to keep its government operating in the face of the invasion by Russia in February and fighting that has shut down vast portions of its economy. Finance leaders from the Group of Seven industrial democracies last month pledged $9.5 billion in new funding, bringing their non-military support to nearly $20 billion.
The World Bank has been working with donor countries to use its various financing programs to support health care, education, social services, power and water supplies and roads.
The core services were "essential to preventing further deterioration in living conditions and poverty in Ukraine beyond the suffering inflicted because of the war," World Bank Eastern Europe country director Arup Banerji said in a statement.
Such services would also be "the bedrock of any recovery and reconstruction," Banerji added.
(Excerpt) Read more at reuters.com ...
Even if they get that Ukrainian corruption and 10% for the big guy will take a big chuck of it.
$1.49 billion??? slackers, Biden gave them $50 billion of our money!!!
“World Bank board approves $1.49 billion in new funds for Ukraine”
...a bit more descriptive title:
“World Bank board approves $1.49 billion of new US Taxpayer funds for Ukraine”
I’m confused - I’m 99% certain that the last massive US “aid” package included more than that to pay those same wages...
Smells like freshly laundered cash, mmmmm...enough for ALL of our elite masters.
Enjoy the “looting whats left before its all gone” phase of the fall of the American Empire.
(Enjoy the “looting whats left before its all gone” phase of the fall of the American Empire.)
Seems to have been going on since 2nd term W.
Really picked up speed in 2009.
Zelensky said today that he needs 10 times the stuff he now has, to push back the Russians.
So, I guess that means about a half a Trillion more in aide, right???
Ukraine becoming worlds biggest laundering bank.
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