The funds allocates by the World Bank will be spent to support export-oriented small and medium-sized enterprises.
Talking to President of Ukraine Petro Poroshenko on the phone, President of the European Bank for Reconstruction and Development Suma Chakrabarti welcomed the nationalization of Privatbank.
The World Bank's Board of Directors has decided to grant Ukraine's major gas operator Naftohaz $500 million in loan guarantees necessary for the purchase of natural gas for the 2016-2017 heating season.
However, the organization warns that a sustainable recovery hinges on a commitment to root out corruption and improve governance.
World Bank Country Director for Ukraine, Belarus, and Moldova Qimiao Fan told about prospects of the Ukrainian economy, potential risks, and positive factors.
The World Bank’s Board of Executive Directors has approved a $500 million loan for Ukraine to further bolster country's financial sector.
New operation will improve public sector governance, business environment, energy, and social assistance.
Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth.
Group of Seven countries will vote against new World Bank projects in Russia to punish Vladimir Putin’s regime, according to three government officials with knowledge of the agreement.