KYIV, July 31 – Ukraine and the World Bank plan to sign a $350 million loan agreement at the end of August 2020, the Ministry of Finance reported.

"It is expected that the loan agreement between Ukraine and the IBRD will signed at the end of August. After the signing and entry into force of the loan agreement, its funds will be transferred to the general fund of the national budget," the press service said.

As reported, at the end of June 2020, the World Bank's Board of Executive Directors approved a $350 million First Economic Recovery Development Policy Loan (DPL) for Ukraine in support of reforms that are critical to economic recovery.