World Bank Contributes $30bln To Offset Food Shortages Worsened By War In Ukraine.

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According to a senior bank official, the World Bank is prepared to contribute up to $30 billion; this is to help address the worldwide food shortages that have been made worse by Russia’s invasion of Ukraine. The world bank has already paid out nearly $10 billion in financial aid promised to Kiev.

Van Trotsenburg stated that the World Bank started assisting Ukraine shortly after the Russian invasion on February 24. And has so far distributed nearly $10 billion of the $13 billion in help it had committed to Kiev.

While many nations have contributed through the trust fund, the United States, with an average of at least $1.5 billion out of the close to $5 billion in external finance needed by Kyiv each month, has provided the highest amounts.

Reuters.

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