Business news from Ukraine


19 September , 2020  

Ukraine’s Minister of Finance Serhiy Marchenko has pointed to the delay in the $ 350 million tranche from the World Bank, in general expects to receive $700 million in two tranches, and is also finalizing the social support project.
“We expect them. On September 1, we made the largest payment of $2 billion and did it on our own, without financial support from international partners, which we expected. We are ready for different scenarios, but we count on the support of our international partners,” he said in an exclusive interview with the Interfax-Ukraine agency.
The minister stressed that Ukraine expects to receive these funds this year, as this will allow timely financing of the accumulated expenses.
He explained that initially it was about $1 billion.
“At first we talked about $1 billion through DPL, but due to the significant burden on the World Bank budget due to the significant number of requests from all member countries, this amount was reduced to $700 million, and a separate social assistance project, which we are now finalizing,” Marchenko said.