The World Bank said on Wednesday its executive board approved $2.05 billion in Development Policy Operation funding for Ukraine that includes the first grant from a new $20 billion U.S. loan fund for Kyiv that is backed by income from frozen Russian sovereign assets.

The funding includes a $1 billion grant from the new $20 billion U.S. loan backed by frozen Russian assets. Another $1.05 billion is supported by the U.K. and Japan.

VIJAYAWADA: The World Bank has sanctioned an $800 million loan to support the development of Amaravati, the ambitious greenfield capital of Andhra Pradesh. The funding is part of the Amaravati Integrated Urban Development Programme,

The World Bank said on Wednesday its executive board approved $2.05 billion in Development Policy Operation funding for Ukraine that includes the first grant from a new $20 billion U.S. loan fund for Kyiv that is backed by income from frozen Russian sovereign assets.

The World Bank approved a $1.05 billion loan for Ukraine, co-financed by a $1 billion grant from the F.O.R.T.I.S. Ukraine FIF, which includes $20 billion recently transferred from frozen Russian assets by the U.

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