Finance Minister Serhiy Marchenko and World Bank Regional Country Director for Belarus, Moldova and Ukraine Arup Banerji have signed a loan agreement for EUR 300 million in order to continue implementing economic recovery projects, the Finance Ministry said.
“The loan is the result of structural reforms in the areas of demonopolizing key sectors of the economy, strengthening anti-corruption institutions, improving the work of land and capital markets, as well as improving the social welfare system,” the ministry said on its website on Monday.
As part of further cooperation between Ukraine and the International Bank of Reconstruction and Development, the World Bank Country Partnership Strategy for 2022-2025 is being developed. Its goal is Ukraine’s achievement of sustainable economic recovery and growth. The priorities of the strategy will be energy, agriculture, and transport system, the Ministry of Finance said.
Ukraine received its first loan from the IBRD in the amount of $350 million for the development policy in the field of economic recovery in June 2021.
