World Bank chief says Western European countries need to help fund Ukraine reconstruction

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World Bank chief says Western European countries need to help fund Ukraine reconstruction
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The World Bank is ready to do its part in rebuilding Ukraine after the devastation of Russia's invasion, but Western European countries will have to chip in, World Bank President David Malpass said

Malpass, speaking at the spring meetings of the International Monetary Fund and World Bank, noted that the World Bank had played a big role in rebuilding Europe's steel industry after World War Two and could play a similar role in Ukraine.

"The bank is prepared to play its role in the reconstruction, but I do need to set the expectations for the world that the amount to rebuild the electricity sector, the road sector, a railroad sector are way bigger relative to the size of the balance sheets of the international financial institutions," he said.

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