IMF may consider Ukraine's request for Rapid Financing Instrument next week, World Bank preparing $3 bln package of support

09:47, 02.03.2022 1 min read

International Monetary Fund (IMF) Managing Director Kristalina Georgieva and World Bank Group President David Malpass today issued the following statement on support of the Ukrainian people in the war launched by Russia and announced soon financial support of the country.

"At the IMF, we are responding to Ukraine's request for emergency financing through the Rapid Financing Instrument, which our Board could consider as early as next week," they said.

"At the World Bank Group, we are preparing a $3 billion package of support in the coming months, starting with a fast-disbursing budget support operation for at least $350 million that will be submitted to the Board for approval this week, followed by $200 million in fast-disbursing support for health and education," they said.