REUTERS
The World Bank has allocated $11.605 billion to finance investment projects in Ukraine for 25 years, according to the Ukrainian finance ministry's website.
According to the report, the funds were directed to the institutional development of public authorities, support of certain directions and projects in priority sectors and spheres, as well as systemic projects aimed at supporting reforms and balancing Ukraine's state budget.
Read alsoEconomy Ministry names Ukraine’s major donorsIt is also reported that Ukrainian Finance Minister Oleksandr Danyliuk took part in the latest joint revision of the World Bank's portfolio of Ukraine projects. The outcome of the revision has not been specified.
UNIAN memo. The World Bank is an international financial institution that provides financial and technical assistance to developing countries. Over the past two years, the World Bank Group has provided Ukraine with about $4.7 billion in the form of budgetary financial assistance, investment operations, and private sector financing.