Ukraine joins World Bank's program on government debt and risk management

Ukraine joins World Bank's program on government debt and risk management

Ukraine and Morocco have joined the World Bank Treasury Government Debt and Risk Management Program.

This is reported on the website of the World Bank.

"The World Bank Treasury announced the addition of two new members, Ukraine and Morocco, to the Government Debt and Risk Management (GDRM) program," the report reads.

The GDRM Program is a World Bank Treasury initiative sponsored by the Swiss State Secretariat for Economic Affairs-SECO that provides assistance to middle-income countries (MICs) to improve macroeconomic and fiscal management by reducing vulnerability to financial and other shocks.

The GDRM Program, established in 2011 with three countries, with the addition of Morocco and Ukraine will now be serving 14 countries. Other participating countries include Albania, Azerbaijan, Colombia, Egypt, Ghana, Indonesia, Macedonia, Peru, Serbia, South Africa, Tunisia, and Vietnam.

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