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Reuters: World Bank to provide Ukraine with $1.5 billion.

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World Bank President David Malpass said on April 12, that the “support package was enabled after the approval of $1 billion in the International Development Association aid,” which provides concessional loans and grants to the world's poorest developing countries, Reuters reports.

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We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Russia failed to break Ukraine’s army on the battlefield, and now it’s trying to do it through a peace plan that would cap Ukraine’s forces at 600,000. Some argue that Ukraine would shrink its army — currently estimated at about 800,000 — after the war anyway.

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