NewsSociety

Ukraine to Get EUR 300M from IBRD for Economic Recovery

Ukraine received a loan from the World Bank of 300 million euros

Minister of Finance of Ukraine Serhiy Marchenko and World Bank Regional Country Director for Belarus, Moldova, and Ukraine Arup Banerji signed an agreement to provide Ukraine with a EUR 300 million loan to continue the implementation of projects in the field of economic recovery.

The loan followed implementation of structural reforms of demonopolising key sectors of the economy, strengthening anti-corruption institutions, improving land and capital markets, and enhancing the social support system.

Within the framework of further Ukraine–IBRD cooperation, the World Bank’s Country Partnership Strategy for 2022-2025 is already drafted, aiming to achieve sustainable economic recovery and growth in Ukraine. The priority areas of the strategy will be energy and agriculture, and the transport system.

As a reminder, in June 2021, Ukraine received the first part of IBRD’s loan ($350 million) for a policy of economic recovery development.

Natalia Tolub

Follow us on Twitter
Related posts
NewsSociety

Russians Fire Missiles at Civilian Objects in Odesa Region

NewsSociety

144 Ukrainian Soldiers, Including Azovstal Defenders, Released from Russian Captivity

NewsSociety

World Imposes Sanctions on 1,500 Individuals in Russia. What About Ukraine?

NewsSocietyVideo

President of Ukraine Addresses NATO: We Deter Russia From Destroying Us and You (video)