Ukraine may receive World Bank's funding in 2020

After the meeting of the Ukrainian delegation with the World Bank's representatives, the press service of the Ukrainian Finance Ministry reported that Ukraine might receive financial support from the World Bank Group in early 2020 if it carries out several reforms, including privatization and the continuation of a balanced fiscal policy.

The Ukrainian delegation headed by Finance Minister Oksana Markarova and Economy Minister Tymofiy Mylovanov presented the agenda for the Ukrainian government. The main goals are the continuation of a balanced fiscal policy and effective public debt management policy, the further implementation of corporate governance reform in state-owned banks.

Other plans on the agenda are the introduction of land transfer and financial support mechanisms for farmers, privatization of state enterprises to eliminate corruption and increase investment in the Ukrainian economy.

"These and other measures may allow Ukraine to receive financial support from the World Bank in early 2020," reported Ukrainian Finance Ministry.

Last year 618 international projects for a total amount of $6.6 billion were implemented in Ukraine. The largest donors were the United States (more than $2 billion, 124 projects) European Bank for Reconstruction and Development ($759.7 million, 44 projects), the EU ($522.3 million, 235 projects), Germany ($386.9 million, 39 projects), and Canada ($152.3 million, 18 projects).

  World Bank, Ukraine