Ukraine could receive a $2 billion loan from the World Bank, the speaker of the country`s parliament said on Thursday.

The International Monetary Fund earlier agreed to lend Ukraine $16.5 billion.

"The ball is in Ukraine`s court now. It is up to us to decide what amount of money we should receive," Arseniy Yatsenyuk said following meetings in Washington with the heads of both organizations.

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The speaker said the funds would be used to reform Ukraine`s financial and banking sectors.

The financial crisis has seen Ukrainians rush to withdraw their savings, fearing banking collapses. More than $3 billion were pulled out of banks in October.

Ukraine`s economy has been hard hit by the global credit crunch, along with the falling price of steel, a key national export.

Last Friday, Ukraine`s parliament approved a set of measures needed to receive the IMF loan. President Viktor Yushchenko signed the bills into law on Monday.

RIA Novosti