World Bank to consider new loan for Ukraine next week

World Bank to consider new loan for Ukraine next week

Ukrinform
The Board of Directors of the World Bank Group will consider a new loan for Ukraine on June 26, aimed at restoring economic growth in the country during the crisis.

This is stated in the World Bank Group Boards' calendar for June 2020, published on the official website of the Bank.

The document, in particular, says that the Board of Directors will consider an Economic Recovery Development Policy Loan for Ukraine. No further details are provided.

World Bank funding is linked to the IMF’s decision to launch a new Stand-By Arrangement for Ukraine, adopted by the Fund’s Executive Board last Tuesday.

As Ukrinform reported, on June 9, the IMF Executive Board approved an 18-month Stand-By Arrangement for Ukraine, with total access of $5 billion.

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