Ukraine to receive $500 million loan from World Bank

The World Bank will provide $500 million worth of credit guarantees to Ukraine for natural gas purchases for heating in the near future, reported Satu Kahkonen, the World Bank Country Director for Belarus, Moldova, and Ukraine.

“Yes, we’ve got some projects that are being prepared for Ukraine. One of them is a $500 million project – a guarantee for the government of Ukraine for gas purchasing,” she said.

Satu Kahkonen noted that the guarantee could come “in the nearest future,” taking into account the fact that Ukraine completed the second revision of the program with the International Monetary Fund with which the guarantee was associated.

  Ukraine, loan, Gas