World Bank approves financing package totalling $610 million to address urgent needs in Ukraine

News Department
Author

The World Bank Group today announced a new financing package that includes projects to boost relief and recovery efforts for Ukraine amid the ongoing war, Report informs, citing the Bank’s website.

The World Bank will provide additional financing of $500 million through an IBRD loan that is supported by a guarantee from the United Kingdom for the same amount and mobilized under the Public Expenditures for Administrative Capacity Endurance (PEACE) Project.

The World Bank will also support Ukraine with a new project to restore and improve access to health care and address new and urgent needs for health services due to the war.

Other News

WB ready to increase funding for environmental rehabilitation, infrastructure modernization in Baku 19 October, 2026 / 10:29
CBA currency exchange rates (19.10.2026) 19 October, 2026 / 09:23
Azerbaijan mulls co-op with IMF, ADB in Bangkok 17 October, 2026 / 13:55
CBA chairman links pace of economic diversification to 2027–2030 reforms 16 October, 2026 / 18:41
Taleh Kazimov: Rising oil and gas prices increase Azerbaijan's current account surplus 16 October, 2026 / 18:34
Azerbaijan's central bank forecasts inflation at 6.1% in 2026 and 5.8% in 2027 16 October, 2026 / 18:24
Baku expected to host Global Conference on State-Owned Enterprises in 2027 16 October, 2026 / 17:54
CBA, Swiss National Bank mull macroeconomic stability initiatives 16 October, 2026 / 15:10
Finance Ministry: Changes in oil prices may affect Azerbaijan's State Oil Fund assets by up to $1.8B 16 October, 2026 / 12:13
Azerbaijan Central Bank discusses cooperation with ADCB and UBS Asset Management 16 October, 2026 / 12:01
IsDB, WB to expand co-financing of development projects in member countries 16 October, 2026 / 10:33
Azerbaijan's investment expenditures to nearly double in 2027 16 October, 2026 / 10:12
WB mobilizes around $100M in private capital in Azerbaijan in fiscal year 2026 16 October, 2026 / 10:08
CBA currency exchange rates (16.10.2026) 16 October, 2026 / 09:16
Key indicators of world commodity, stock, and currency markets (16.10.2026) 16 October, 2026 / 09:11
Azerbaijan's economy expected to attract almost $64 billion by 2030 16 October, 2026 / 08:20
Azerbaijan's external debt servicing to exceed AZN 1.4 billion 16 October, 2026 / 08:04
Azerbaijan to spend nearly $8B on reconstruction of liberated territories 16 October, 2026 / 07:50
Azerbaijan revises 2027 budget revenue forecast upward 16 October, 2026 / 07:25
Azerbaijan publishes Medium-Term Expenditure Framework for 2027-2030 15 October, 2026 / 23:49