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World Bank ready to provide $3 billion to Ukraine

March 13, 2014, 17:33 UTC+3 KIEV
Most funding will be used to develop and modernize housing and communal services, World Bank Director for Ukraine, Belarus and Moldova Qimiao Fan said
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Ukrainian national flag on top of the Verkhovna Rada building

Ukrainian national flag on top of the Verkhovna Rada building

© ITAR-TASS/Denis Vyshinsky

KIEV, March 13. /ITAR-TASS/. In 2014, the World Bank made a decision to provide additional financial aid of $3 billion to Ukraine in order to carry out reforms and key economic projects, the Ukrainian government’s press service reported on Thursday.

"Three billion dollars is serious funding. This sum exceeds the funding that was provided to Ukraine last year. Most funding will be used to develop and modernize housing and communal services, improve social welfare for the population," World Bank Director for Ukraine, Belarus and Moldova Qimiao Fan said.

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