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World Bank preparing finance options for Ukraine: Malpass

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Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Smoke rises from the territory of the Ukrainian Defence Ministry" s="" after="" Russian="" President="" Vladimir="" Putin="" authorized="" a="" military="" operation="" in="" eastern="" Ukraine="" February="" Valentyn="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/reuters/02/25/20220224-ukraine-crisis-cyber-defense.jpg"/><figcaption>Smoke rises from the territory of the Ukrainian Defence Ministry&#x27;s unit, after Russian President Vladimir Putin authorized a military operation in eastern Ukraine, in Kyiv, Ukraine February 24, 2022. <em>Valentyn Ogirenko, Reuters</em></figcaption></figure></div><p>WASHINGTON - World Bank President David Malpass said the lender stands ready to provide immediate support to Ukraine amid &quot;shocking violence and loss of life,&quot; and is preparing options for fast-disbursing financing.</p><p>Malpass said in a statement he has mobilized the World Bank Group&#x27;s Global Crisis Risk platform to coordinate a response to the invasion among the lender&#x27;s various divisions.</p><div><em>More details to follow.</em></div><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/overseas/02/24/22/russia-launches-full-scale-invasion-of-ukraine-kyiv">Russia has launched full-scale invasion of Ukraine, Kyiv says</a></li>	<li><a href="https://news.abs-cbn.com/overseas/02/24/22/russian-ground-forces-cross-into-ukraine-kyiv">Russian ground forces cross into Ukraine: Kyiv</a></li>	<li><a href="https://news.abs-cbn.com/overseas/02/24/22/how-ukraines-armed-forces-shape-up-against-russias">How Ukraine&#x27;s armed forces shape up against Russia&#x27;s</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/XXQc2_k21Ug?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

World Bank President David Malpass said the lender stands ready to provide immediate support to Ukraine amid 'shocking violence and loss of life,' and is preparing options for fast-disbursing financing.