The world Bank has granted Ukraine a loan of 500 million dollars to strengthen the economy. Funds of the international financial institutions must also go to support priority reforms in the banking sector.
International economic organization has confirmed a multi-million loan to Kyiv to improve the economy. Ukraine has received $ 500 million to carry out reforms in the financial sector and the stabilization of the economic situation, informs Department of public relations of the world Bank (WB).
"To regain financial stability and growth in Ukraine is possible only if the power will continue to move along the path of reforms," declared the Director of the world Bank for Belarus, Moldova and Ukraine Qimiao Fan. Our step will help to achieve this goal through support of a number of measures to stabilize the financial sector of the country. This will help create a healthier financial sector. Timely implementation of financial sector reforms is needed to help revive lending to the economy, seen as the key to regeneration".
Loan project is budget-substituting nature. This is the 2nd and last in a series of Bank loan to Kiev this kind of: August 25, Ukraine has received half a billion dollars to support the budget. Frequent provision of such large amounts of one country is very unusual for a leading international organization dedicated to typically the tasks of socio-economic development and the fight against poverty on the planet.
The last loan of the WB gave Kyiv in the framework of the program for Ukraine in the amount of up to 2 billion dollars for 2015. With the new loan, the total state funding the world Bank has reached this year 1,215 billion, including billion in direct budget assistance. Its loan portfolio in Ukraine is about $ 4 billion. The end of the year WB wants to Finance the development of road infrastructure of the country. It will seek $ 800 million.
sections: Economics, World News