World Bank mission finished its work in Ukraine
01 April 2014 18:28
Governor of the National Bank of Ukraine Stepan Kubiv held a final meeting with a World Bank mission that worked in Ukraine on March 24-28, 2014, to identify the priorities and main areas of focus for financial sector reforms that could be supported by the World Bank.
The World Bank mission has produced the Action program designed to reform the financial sector of Ukraine. This program can be funded with a loan worth up to USD 1 billion to be provided by the World Bank as part of the Development Policy Loan program. The Action program will enable the banking system to undergo a comprehensive rehabilitation and enhance the financial soundness of the banking sector.
The World Bank Group has announced its total support for structural reforms in our country and pledged its readiness to provide a financial aid package worth up to USD 3 billion to foster Ukraine's economic development.
The World Bank’s financial aid program will focus on restoring macroeconomic stability, making the banking sector more resilient, reforming the energy sector, clamping down on corruption, enhancing accountability, improving the investment climate, and providing targeted social assistance to the vulnerable groups in society.
Image of: www.popularresistance.org
