World Bank mobilizes $80 billion to reconstruct Ukraine

[ancianita]

By the time Ukraine wins no one in the world will believe the felon should get any credit.

https://www.vaticannews.va/en/world/news/2025-07/world-bank-mobilises-80-billion-reconstruct-ukraine-bjerde.html

https://en.wikipedia.org/wiki/World_Bank

The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe.[6] Over time, it focused on providing loans to developing world countries.[7] In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction.[7] For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by environmental and social safeguards.

As of 2022, the World Bank is run by a president and 25 executive directors, as well as 29 various vice presidents. IBRD and IDA have 189 and 175 member countries, respectively. The U.S., Japan, China, Germany and the U.K. have the most voting power. The bank aims loans at developing countries to help reduce poverty. The bank is engaged in several global partnerships and initiatives, and takes a role in working toward addressing climate change. The World Bank hosts an Open Knowledge Repository for its publications.

In 2020, the World Bank's total commitments amounted to USD 900.1 billion, it had 12,300 full-time staff, and it operated in 145 countries.[4] World Bank projects cover a range of areas from building schools to fighting disease, providing water and electricity, and environmental protection.[4]