Ukraine spent over $117 million borrowed from World Bank in 2017

Source : 112 Ukraine

The World Bank has allocated more than $5.5 billion for investment in Ukraine
19:27, 30 January 2018

Open source

In 2017, Ukraine spent $117.25 million borrowed from the World Bank, which is $47.63 million or 1.7 times up against 2016, UNIAN reports.

Related: World Bank to continue supporting Ukraine

Nowadays, the Ministry of Finance is implementing seven projects accounting for $2.303 billion with the World Bank in the transportation, power grid, meedical, social assistance, water supply and energy efficiency areas, according to the institution’s official website.

Related: Ukraine’s economy can grow 4% annually, - World Bank

The World Bank is an international financial institution providing financial and technical assistance to emerging economies. Since 2014, the World Bank has allocated over $5.5 billion for projects in Ukraine and has provided more than $500 million in guarantees for gas purchases.

Related: Ukraine can get part of $40 trillion of "free" investment - the World Bank

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more