Putin praises Army-2017 international military forumMilitary & Defense August 22, 14:15
Belarus invites Ukraine and NATO to monitor West-2017 military drillsMilitary & Defense August 22, 13:55
Russia may develop seven-tonne remote-controlled convertiplaneMilitary & Defense August 22, 13:53
Deliveries of Mi-28NM helicopters may start in 2018Military & Defense August 22, 13:39
Press review: US Embassy's seismic visa shift and Iraq mops up Islamic StatePress Review August 22, 13:00
Russia to grant $700 mln loan to BelarusBusiness & Economy August 22, 12:58
Russia’s Aerospace Force to get eight Mi-28UB helicopters by year-endMilitary & Defense August 22, 12:44
Ka-52 helicopter to be armed with new defense systemMilitary & Defense August 22, 12:00
Rostov-on-Don inferno claims life of one victimSociety & Culture August 22, 11:41
WASHINGTON, February 17 (Itar-Tass) —— The World Bank said on Thursday it is launching a new Country Partnership Strategy (CPS) for Ukraine covering the period of 2012-2016. The Strategy proposes an investment lending program in the range of US$500 million per annum. The International Finance Corporation (IFC) is expected to lend additional funds of up to US$ 400 million annually. The CPS also includes analytical and advisory services, and technical assistance.
The funds will go to improve public services and public finances as well as the business climate in order to unlock Ukraine’s economic potential.
“The CPS will support the President’s Economic Reform Program for 2010-2014,” said Qimiao Fan, Country Director for Ukraine, Belarus, and Moldova. “This Program sets an ambitious reform agenda to improve Ukraine’s global competitiveness and meet the expectations of the Ukrainian people. The new strategy aims to assist Ukraine in overcoming implementation bottlenecks that have affected successive reform programs in the past, by strengthening institutions, improving public governance, and supporting a more participatory reform process.”