The leaders of the World Bank and IMF say they were ready to help Ukraine while warning that Russia’s invasion will have repercussions for the global economic recovery.
IMF Managing Director Kristalina Georgieva says that the conflict adds significant economic risk for the region & the world.
The Washington-based crisis lender is in the process of deploying $2.2 billion in assistance to Ukraine under a loan program set to end in June.
Georgieva has said the fund could provide aid to other countries impacted by any spillover effects of the conflict if needed.