The world Bank prepares the guarantee for Ukraine for $ 650 million

 

The world Bank at the request of the government of Ukraine provides training guarantee operations for $ 650 million in support of major reforms for economic growth, fiscal sustainability and improved management.

This is stated in the press release of the Bank on Thursday, transfers “Interfax-Ukraine”.

“After the completion and approval of a new operation, Ukraine will receive a guarantee from the International Bank for reconstruction and development in the amount of $ 650 million, which will help to borrow about $ 800 million in foreign markets”, – said in a release.

According to him, in order for the new operation, the world Bank, you must confirm the completion of all actions initiated reforms and favourable macroeconomic situation.

In this context, a critical Bank calls the entry into force of the law “On amendments to some legislative acts regarding the improvement of the functioning of the financial sector in Ukraine” (№8331д) and “On amendments to some legislative acts concerning the resumption of lending” (No. 6027д), which was adopted by the Verkhovna Rada in July.

The Bank also indicates that critical for the government is to reach agreement with the IMF on the fourth review of the eff EFF, without which the new guarantee operation cannot be carried out.

“The world Bank urged the Ukrainian government to complete all necessary actions initiated reforms and to reach agreement with the IMF on the fourth review of the program lending,” – noted in a release.

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