The World Bank today welcomed the formation of a new government in Ukraine, according to a WB press-release.  “We particularly welcome the early commitment to increased and sustained levels of economic growth” said Paul Bermingham, the World Bank Director for Ukraine, Belarus and Moldova.  “We are committed to helping Ukraine implement the reforms and initiatives necessary to achieve this objective.”

“We have a large pipeline of new interventions under preparation, with the flexibility to adapt to support evolving priorities as well as to address new challenges and opportunities” added Paul Bermingham.

The World Bank has been supporting economic reforms in Ukraine since 1994.  The World Bank’s portfolio of projects presently under implementation in Ukraine exceeds $1 billion, providing support to energy, water supply, health, education, social assistance, the financial sector, agriculture, environmental protection, tax administration, and statistical capacity building.