World Bank's IFC still disbursing funds in Ukraine despite war, chief says


  • World
  • Thursday, 26 May 2022

FILE PHOTO: The Independence Monument is pictured through hedgehog anti-tank barricades, as Russia's attack on Ukraine continues, in Kyiv, Ukraine May 22, 2022. REUTERS/Ivan Alvarado

DAVOS, Switzerland (Reuters) - The World Bank's investment arm has continued disbursing funds to some private firms in Ukraine despite the war there and is looking to finance efforts to re-orient the country toward "greening" its economy, the head of the unit said on Wednesday.

"In spite of the war, we have continued disbursing to some companies," Makhtar Diop, managing director of the International Finance Corp, said on the sidelines of the World Economic Forum in Davos. "And so our commitment has been sustained."

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