The World Bank announced that it is preparing a USD 3 billion aid package for war-torn Ukraine, which will including at least USD 350 million in immediate funds.

The first tranche of the aid Эwill be submitted to the Board for approval this week, followed by USD200 million in fast-disbursing support for health and education.

The International Monetary Fund and World Bank in recent days had pledged to provide further support to Ukraine and have moved quickly to put that promise into motion.

The IMF, which has an ongoing USD2.2 billion financing program with the country through June, will consider the country’s latest request for emergency financing as early as next week, the statement said.

The leaders of the global crisis lenders deplored Russia’s invasion of its neighbor and the impact it is having on the people and economy.