News in Review Wednesday 9th March 2022
Last week, as the invasion of Ukraine entered a second week, the President of the World Bank declared the situation “a catastrophe” for the world. Although David Malpass stressed his biggest concern is “about the pure human loss of lives” he also highlighted the economic impact of the war, which, although devastating for Ukraine, also stretches beyond the invaded country’s borders. The Bank has approved $723m in grants and loans for Ukraine.
