The World Bank allocates two billion dollars to support the Ukrainian private sector

Al-Anbat-Noor BaniHani

The International Finance Corporation, a branch of the World Bank dedicated to support private investors, based in Washington, announced on Friday, the provision of a package of assistance to the Ukrainian private sector amounting to two billion dollars, according to the Washington Post.

The organization said in a statement that this aid is supposed to "meet the immediate needs of the war-ravaged private sector, and help prepare for reconstruction."

The organization will finance half of the aid package, while the other half will depend on the guarantees given by donor governments.

Since the conflict began, the World Bank has provided about $18 billion to the Ukrainian government to allow it to maintain basic public services and infrastructure resources.