Ukraine is implementing nine projects with the world Bank at $ 2.6 billion

Украина реализует девять проектов со Всемирным банком на $ 2,6 миллиарда

Ukraine implemented the joint 9 with the world Bank projects to $ 2.6 billion. Sample of project funds in 2019 increased by almost 18% against the previous year.

“On November 26 the revision of the portfolio of world Bank projects in Ukraine with the participation of representatives of the Ministry of Finance, state bodies and beneficiary institutions. This year the review takes place the second time”, – stated in the message.

It is noted that Ukraine is implementing 9 joint with the world Bank projects worth $ 2.6 billion. The total use of Bank funds since the beginning of implementation of projects is 901,6 million dollars.

Joint with world Bank projects aimed at improving the condition of roads of Ukraine, modernization of the energy sector, implementation of land reform; improving the quality of medical services; the effectiveness of social assistance; improvement of services in water supply, Sewerage and solid waste management, and the like.

“This year, the amount of the disbursements amounted to 184,9 million dollars, which is 17.7% more than in the same period of 2018. In particular, by the end of this year is expected to increase the sampling means further 34 million dollars, with the arrival of the General Fund of the state budget funds for the projects “Improving health in the service of the people” and “modernization of the system of social support of population of Ukraine”, – noted in press service.

Implementation of joint investment projects was accelerated after the approval of the concept of cooperation with IFIs and the establishment of a working group under the chairmanship of the Minister of Finance Oksana Markarova, according to the Department.

At the same time, the Director of the Department of international financial projects of the Ministry of Finance Catherine Eliseev stated the need to further improve the characteristics of the sample of funds loans to the ultimate beneficiaries.

As reported, 20 June 2017, the world Bank Board of Directors endorsed the Concept of a partnership between the world Bank and Ukraine for the years 2017-2021. The main goal of the Concept is to promote sustainable and comprehensive economic recovery in Ukraine.