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The World Bank's executive board has approved $2.1 billion in funding for Ukraine - including the first grant from a new $20 billion US loan fund to Kiev, backed by proceeds from frozen Russian assets.
The package includes World Bank financing of $1.1 billion extended by loan guarantees from a trust fund backed by the United Kingdom and Japan, the institution said in a statement.
The financing of the Development Policy Operation is aimed at increasing the financial and economic stability of Ukraine. Joe Biden's administration had sought to close the loan quickly before Donald Trump was inaugurated in January.
The president-elect has said he will end the war with Ukraine as soon as possible, but has not specified how he will do so.
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