World Bank issues USD 1.5 billion loan to Ukraine

June 30, 2023 13:17

The World Bank's press service said on Friday that the board of directors of the International Monetary Fund (IMF) approved a USD 1.5 billion loan to Ukraine, reported the Russian News Agency TASS.

Moreover, according to the statement, the funds "will help provide relief to households and mitigate the impacts" of Russia's special military operation, TASS reported.

The loan is guaranteed by the government of Japan as part of the Advancing Needed Credit Enhancement for Ukraine Trust Fund (ADVANCE Ukraine) initiative.

Earlier this week, at least four people, including a child, were killed and several others were injured on Tuesday evening when a Russian missile struck a bustling location in the middle of Kramatorsk in eastern Ukraine, reported CNN citing local authorities. Soon after the strikes, emergency services were at the scene helping the injured.

« Back to LIVE

TOP STORIES

Maha portfolio: Fadnavis gets Home, Ajit, Shinde get...

Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.

Govt tweaks election rule; why is ECI afraid, asks Cong

Based on the recommendation of the Election Commission (EC), the Union law ministry on Friday amended Rule 93(2)(a) of the Conduct of Election Rules, 1961, to restrict the type of "papers" or documents open to public inspection.

Character assassination: Allu Arjun on stampede row

Hours after Reddy slammed the actor for holding a roadshow and waving to the crowds at the theatre, without referring to anyone, the 'Pushpa 2' star refuted the allegations and said it was not a procession or a roadshow.

Trudeau in trouble as ally vows to 'bring him down'

The future of Canadian Prime Minister Justin Trudeau's leadership appears increasingly uncertain after New Democratic Party (NDP) leader Jagmeet Singh, a key ally, said he would introduce a motion to topple the minority Liberal...

Ferry passengers planned throwing kids into sea: CISF

A team of CISF marine commandos rescued dozens of passengers from a sinking tourist ferry off the Mumbai coast, preventing panicked parents from throwing their children into the sea. The commandos reached the accident site within minutes...