Ukraine and IBRD sign memorandum: what we will get from the World Bank

Ukraine and IBRD sign memorandum: what we will get from the World Bank

Kyiv  •  UNN

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Ukraine has signed a memorandum of understanding with the IBRD on knowledge sharing and support for reforms. The parties discussed financing reconstruction projects and supporting the internal sustainability plan.

Ukraine and the International Bank for reconstruction and development have signed a memorandum of understanding, prime minister Denys Shmyhal said on Wednesday after meeting with World Bank Managing Director Anna Bjerde . 

According to the prime minister, the memorandum provides for the exchange of knowledge and best practices on economic growth, providing support to businesses and implementing key reforms to promote European integration in key sectors.

Shmygal also said that the parties discussed the financing of joint projects for the restoration and development of the economy in this and next years. 

Shmygal told Bjerde about the internal sustainability plan presented by the president of Ukraine.  as Shmygal pointed out, they coordinated with the World Bank to support certain areas of this plan.

In addition, the prime minister expressed gratitude for the assistance in restoring the energy system.   

The Government will attract a concessional loan from the World Bank for more than USD 1 billion - ShmyhalNov 15 2024, 11:09 AM • 13759 views