The World Bank has approved an additional loan of $300 million to help Ukraine's government support low-income families amid the novel coronavirus pandemic, the bank said late on Friday. "The new funds will help finance Ukraine’s COVID-19 social protection emergency response by introducing fast cash transfers to individuals and households who have lost their jobs or income sources because of the pandemic," it said in a statement.

The World Bank has approved an additional loan of $300 million to help Ukraine's government support low-income families amid the novel coronavirus pandemic, the bank said late on Friday. "The new funds will help finance Ukraine’s COVID-19 social protection emergency response by introducing fast cash transfers to individuals and households who have lost their jobs or income sources because of the pandemic," it said in a statement.