World

World Bank Aware of Risks Related to Ukraine Funding But Passes Them to Nations - Source

WASHINGTON (Sputnik) - The World Bank understands that risks related to the funding of Ukraine are unacceptable and transfers them to interested nations, a source in the Russian Office at the World Bank told Sputnik.
Sputnik
"The World Bank is well aware of all the risks associated with financing of Ukraine, and — given that such risks are unacceptable for the World Bank itself — passes them on to interested countries," the source said.
The official further stated that Japan would cover the losses of the International Bank for Reconstruction and Development (IBRD), including interest payments, if Ukraine defaults.
"In case Ukraine defaults, Japan will fully cover the losses of the IBRD, including interest payments," the source said.
Economy
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