Page 8 - Rapid Damage News Today

The World Bank has transferred an additional $500 million to Ukraine to support basic government and address immediate needs arising from Russia’s invasion of Ukraine, the new tranche increased the amount of funds already provided to Ukraine through the World Bank to $11.4 billion.

The World Bank Group (WBG) and European Union (EU) assessment of Russia's invasion of Ukraine shows $349 billion is required to fix the destruction. WBG

The International Finance Corporation (IFC) will provide several Ukrainian cities with a EUR 25 million grant from the European Union to upgrade municipal buildings to accommodate internally displaced persons (IDPs), starting with Lviv.

To prevent destructive flooding and casualties during typhoons, President Marcos ordered yesterday the close coordination among water agencies, local government units and the state weather bureau in releasing water from dams.

Minister Coveney will view the operation of the Black Sea Grain Initiative and discuss grain exports during a one-day visit to Ukraine today.

Almost €10bn is needed in the immediate and short term to reconstruct the agriculture sector in Ukraine, a report found.

Over €28bn worth of damage caused to Ukraine’s agriculture sector 2022-09-11

Efforts to rebuild Ukraine following the conflict with Russia will cost over $349 billion, according to Kiev, the EC, and World Bank Read Full Article at RT.com

PRESS RELEASE - EUROPEAN COMMISSION

The slow economic recovery from COVID-19 and a delay in carrying out key reforms, including of subsidies, is likely to further strain