KIEV, April 16 – The World Bank will increase the first tranche of a multi-sector project of direct budget support to Ukraine, the issue of which is scheduled for May this year, from $500 million to $750 million, reads an agreement recently achieved at talks between World Bank Managing Director Sri Mulyani Indrawati and Ukrainian Finance Minister Oleksandr Shlapak in Washington.
"The Japanese government could also in May issue co-financing for this project... An investment loan in the amount of $382 million to improve energy efficiency and heating is expected in May," reads a statement by the Finance Ministry made after the negotiations with the World Bank on April 16.
The Ukrainian agency specifies that the projects of direct budget support include a multi-sector loan for the policy of development and a loan for the policy of the financial sector development.
|