World Bank’s private arm crafts $2bn aid package for Ukraine businesses (BL)

The World Bank Group’s private sector arm is working on a $2bn support package for Ukraine to help the war-torn nation’s businesses weather the steep recession expected this year due to Russia’s invasion. About $1bn is to come from the International Finance Corporation (IFC), as the development institution is known, according to people familiar with the discussions who asked not to be identified. The remaining funds will come from various nations, though those plans still need to be finalised, one of the people said. The plans were in progress before Monday’s missile attacks on Kyiv and other cities. Click here to read full article