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World Bank to provide Ukraine up to $3 bln this year

Source: Reuters - Mon, 10 Mar 2014 20:17 GMT
Author: Reuters
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WASHINGTON, March 10 (Reuters) - The World Bank on Monday said it plans to provide Ukraine up to $3 billion in 2014 to support the country's new government in the midst of its current crisis, though only part of the money would be new.

The bank, a Washington-based lender that focuses on ending poverty, already has several projects in Ukraine. About $2 billion in the funds will be disbursed this year as part of ongoing projects.

And another pot of cash, up to $1 billion, would go directly to the government if it implements economic reforms to get its finances in order.

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