Ukraine to receive additional financing from the World Bank

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The World Bank's board of directors plans to submit a $1 billion package for approval in November this year.

This was announced by the Deputy Minister of Economy of Ukraine Alexander Griban.

The decision is also made to allocate funds to finance the budget deficit and rebuild infrastructure.

"Such financing is expected to mobilize private loan capital as well, because the IFC (ed. International Finance Corporation) usually finances no more than 30% of the project cost, joining the financial consortium of commercial banks", Alexander Griban said.

He added that thus the total volume of projects of Ukrainian enterprises, which can be financed, will amount to more than 3.3 billion dollars.


PigUA.info by me.gov.ua