Thomson Reuters Foundation

Inform - Connect - Empower

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

Source: Reuters - Tue, 11 Mar 2014 16:35 GMT
Author: Reuters
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

(In March 10 story, corrects paragraph 2 to show $2 bln will be submitted for board approval, not disbursed)

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.

The bank, a Washington-based lender that focuses on ending poverty, already has several projects in Ukraine. About $2 billion in the funds is likely to go to the World Bank's board for approval this year to fund development 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. (Reporting by Anna Yukhananov; Editing by James Dalgleish and Chizu Nomiyama)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus
Most Popular
Topical content

Latest slideshow

See allSee all
Featured jobs