The FINANCIAL — The World Bank’s Board of Executive Directors approved a new international loan of 500 mln USD for Ukraine, to support a number of high-priority structural and macroeconomic reforms to improve the country’s public sector governance, business environment, energy and social assistance, declared the press-service of the World Bank on August 25.
“The package of reforms supported by this operation will help address the deep-rooted structural problems that have contributed to Ukraine’s current economic crisis. We are helping Ukraine to implement an urgent set of measures, which will be essential to stabilize the economy, provide quality services to all Ukrainians and return the country to a sustainable growth path,” – commented Qimiao Fan, World Bank Country Director for Belarus, Moldova, and Ukraine.
According to the announcement, the reporting loan is part of the World Bank Group’s broader financial support package announced in February 2015, which aims to provide Ukraine with up to 2 bln USD in 2015.
