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World Bank approves a $610 million financing package to address urgent needs in Ukraine

News Desk by News Desk
December 29, 2022
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World Bank approves a $610 million financing package to address urgent needs in Ukraine
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The World Bank Group announced a new financing package that includes projects to boost relief and recovery efforts for Ukraine amid the ongoing war. The World Bank will provide additional financing of $500 million through an IBRD loan that is supported by a guarantee from the United Kingdom. Maintaining critical public services is essential to limiting the loss of human capital and rebuilding the country and its economy after the war. The Health Enhancement and Life-saving (HEAL Ukraine) Project will improve and strengthen primary health care. Additional funds for the project are expected to grow to a total of $500 million.

As of December 6, 2022, 507 healthcare facilities, equivalent to 5.5 % of public providers, have been destroyed or damaged. The number of childhood vaccinations fell by 40 %  compared to the previous year and has not recovered. War-related injuries have led to an increase in the need for rehabilitation services.

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