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The Latest Breaking News from David Malpass

World Bank to send Ukraine $1.5 billion as food, energy prices spike

The World Bank is preparing a $1.5 billion support package for war-torn Ukraine and plans to aid developing countries struggling to keep up with surging food and energy prices, World Bank President David Malpass said on Tuesday.

Reuters

World Bank's Malpass warns against hoarding of food or gasoline

World Bank President David Malpass on Monday warned people and businesses against hoarding food and gasoline despite the surge in prices sparked by Russia's invasion of Ukraine and massive sanctions imposed on Moscow.

Reuters

World Bank approves $200 million in additional funding for Ukraine

The World Bank on Monday announced it was making available nearly $200 million in additional and reprogrammed financing to bolster Ukraine’s social services for vulnerable people, on top of $723 million approved last week.

Reuters

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Tally of conflict countries doubled in last decade: World Bank

Washington (AFP) - The number of nations embroiled in armed conflicts has doubled in the past 10 years, with Ukraine the latest victim, creating a flood of refugees, World Bank President David Malpass said Monday.

AFP

Russia faces lasting consequences from Ukraine war, World Bank chief says

Russia's war in Ukraine has "horrified" the World Bank's shareholders and will have lasting consequences for Russian President Vladimir Putin and Russia's standing on the global stage, the global lender's president said on Friday.

Reuters

G7 meeting to focus on Ukraine aid: World Bank

Washington (AFP) - Finance ministers of the Group of Seven most developed nations will meet Tuesday to discuss urgent aid for Ukraine, World Bank president David Malpass announced Sunday.

AFP

World Bank may be able to disburse Ukraine aid funds in days - Malpass

World Bank President David Malpass said on Sunday the bank may be able to provide Ukraine with more financial resources within days and that additional aid for the war-torn country will be discussed by G7 finance leaders on Tuesday.

Reuters

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World Bank preparing ways to support Ukraine as fallout assessed

The World Bank said on Thursday it was preparing options to provide immediate support to Ukraine's government, as the development lender and the International Monetary Fund assess the economic fallout from the conflict in Ukraine.

Reuters

EU praises ‘restraint’ of Kyiv government; Blinken denounces Kremlin claims – as it happened

European Council urges Moscow to ‘de-escalate’ its military buildup; Ukrainian president Volodymyr Zelenskiy says global security architecture is failing

The Guardian - UK

World Bank chief contrasts Microsoft deal with poor countries' debt

Washington (AFP) - After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on Wednesday drew a contrast between the deal and the amount of money rich nations have pledged to help poor countries facing higher debt loads.

AFP

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