The World Bank has approved $723 million (£551 million) in loans and grants for Ukraine as the country battles a Russian invasion.
The bank said it was continuing to work on another $3 billion support package in the coming months for the country.
It also pledged additional assistance to neighboring countries hosting more than 1.7 million refugees, mostly women, children and the elderly.
The financing package for Ukraine includes a $100 million pledge from the United Kingdom.
“The World Bank Group is taking swift action to support Ukraine and its people in the face of extreme violence and disruption caused by the Russian invasion,” said the bank’s president, David Malpass, in a statement.
The bank said the funds would help the Ukrainian government provide essential services, including salaries for hospital employees, pensions for the elderly and social programs for the vulnerable.
The package includes a $350 million loan, augmented by about $139 million in guarantees from the Netherlands and Sweden.
It also includes $134 million in grants from Britain, Denmark, Latvia, Lithuania and Iceland, and $100 million in funding from Japan.
Malpass told the BBC last week that the war was “a catastrophe” for the world that will reduce global economic growth.
“The war in Ukraine comes at a bad time for the world because inflation was already rising,” he said.
He stressed that his biggest concern was “the loss of pure human life.”