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The Latest Breaking News from David Malpass

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

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

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

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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

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