The World Bank has announced Arup Banerji's appointment as Country Director for Belarus, Moldova, and Ukraine, the press service of the organization reports.
According to the press release, Banerji will lead the Bank’s engagement with governments, stakeholders, and partners in all three countries. He will also work with the World Bank’s sister institutions – IFC and MIGA, in order to strengthen World Bank Group delivery in Belarus, Moldova, and Ukraine.
It is worth noting that Banerji was the Regional Country Director for the European Union (EU), overseeing World Bank’s operational, strategy, and knowledge work in the EU member states, prior to the current appointment.
As we reported earlier, Ukraine may receive the first tranche of financial assistance from the World Bank (in the amount of 350 million dollars) in July.
"It is planned to receive several loans. First of all, these are IMF payments by the end of 2020 (the first tranche was $ 2.1 billion, the amount of the second and third - $ 1.4 billion). We also plan to receive macro-financial assistance from the European Commission (1,2 billion euros + 0.5 billion euros)," the report said.