Financing will support essential social services; combined total of Ïã¸ÛÁùºÏ²Ê×ÊÁÏ-mobilized support for Ukraine now stands at more than $925 million
WASHINGTON, March 14, 2022¡ª Ïã¸ÛÁùºÏ²Ê×ÊÁÏ today announced nearly $200 million in additional and reprogrammed financing to bolster Ukraine¡¯s social services for vulnerable people. This comes on top of the $723 million mobilized for Ukraine and its people last week, of which $350 million has already been disbursed to Ukraine. This financing is part of the $3 billion package of support that the Ïã¸ÛÁùºÏ²Ê×ÊÁÏ Group previously announced it is preparing for Ukraine over the coming months.
The combined total of support mobilized by the Ïã¸ÛÁùºÏ²Ê×ÊÁÏ for Ukraine now stands at more than $925 million. As part of the mobilization efforts, Austria has contributed €10 million ($11 million equivalent) to the multi-donor trust fund (MDTF) set up by the Ïã¸ÛÁùºÏ²Ê×ÊÁÏ to facilitate channeling grant resources from donors to Ukraine. This raises the current MDTF total to $145 million.
¡°The ongoing war continues to have severe human costs and has created financing gaps that jeopardize the ability of vulnerable people in Ukraine to meet basic needs,¡± said Ïã¸ÛÁùºÏ²Ê×ÊÁÏ Group President David Malpass. ¡°This rapid support will help to bridge those gaps during a time of extreme disruption as we work on broader support efforts for Ukraine and the region.¡±
While the full impact remains uncertain, the Russian invasion of Ukraine is causing a growing number of civilian casualties, destroying livelihoods, and damaging critical civilian infrastructure, including homes, water and sanitation, schools, health facilities and highways.
