Economic plan needed to prepare for end of wars in Ukraine, Gaza: World Bank chief

Conflict is happening all over the world and it is bad for development, World Bank president Ajay Banga says. The bank helps disburse money from various governments to Ukraine, while working with other bodies to create an estimate for how much money will be needed for Ukraine’s reconstruction when the war with Russia is eventually over. He also wants to bring together a group of people who can help advise the World Bank on the right social and economic construct for Gaza, or what will need to happen to rebuild it, when the Israel-Hamas war ends, Mr Banga tells CNA at this year’s Singapore FinTech Festival.

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