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World Bank to discuss ‘next-phase’ financing for Ukraine

FILE PHOTO: World Bank President David Malpass speaks during a news conference at the Spring Meetings of the World Bank Group and IMF in Washington, U.S., April 11, 2019. REUTERS/James Lawler Duggan/File Photo

More countries are expected to announce contributions to help war-torn Ukraine maintain its government through the World Bank’s multi-donor trust fund and parallel funds this week, World Bank President David Malpass said Monday.

Malpass said the World Bank was working during spring meetings of the World Bank and International Monetary Fund to put together a $3 billion package of aid to help Ukraine maintain essential government services.

The situation was “rapidly evolving,” he said and predicted more bilateral announcements on humanitarian assistance and other aid this week.

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