Ukraine signs $800 million loan with World Bank, JapanStaff writer ▼ | July 27, 2015
Ukraine has signed a loan agreement worth $500 million with the World Bank and a loan agreement worth $300 million with Japan, according to Ukrainian Minister for Economic Development and Trade Aivaras Abromavicius.
Politics and trade A cooperation program with the IMF
The disbursement of the loans was pegged to the fulfillment by Ukraine of a cooperation program with the International Monetary Fund (IMF).
The minister also thanked the international partners, the Ukrainian government, namely Finance Minister Natalie Jaresko, and the Verkhovna Rada for a constructive approach to the implementation of joint programs.
Ukraine's parliament on July 16, 2015, passed five laws, which paved the way for the IMF second tranche worth $1.7 billion, $1 billion from the World Bank, $300 million from Japan, and $200 million from Germany. ■