Ukraine spends over $117 mln borrowed from World Bank in 2017

Ukraine in 2017 spent US$117.25 million borrowed from the World Bank, which was by $47.63 million or 1.7 times up against 2016.

Read alsoWorld Bank welcomes Ukraine president's comments on corruption law - ReutersToday, Ukraine's Finance Ministry is implementing seven projects totaling $2.303 billion with the World Bank in such areas as transport, power grids, medicine, social assistance, water supply and energy efficiency, according to the ministry's website, referring to the World Bank's project portfolio review for Ukraine.

UNIAN memo. The World Bank is an international financial institution that provides financial and technical assistance to developing countries. Since 2014, the World Bank has allocated more than $5.5 billion for projects in Ukraine and has provided another $0.5 billion in guarantees for gas purchases.