The World Bank named the conditions for the tranche to Ukraine

News

The World Bank named the conditions for the tranche to Ukraine

14.09.2021 News

The World Bank will provide Ukraine with a second tranche of $ 350 million, but subject to certain conditions. WB Vice President for Europe and Central Asia Anna Bjerde told Interfax-Ukraine what exactly is expected from Kyiv.

“The prospects for the second tranche of the Economic Recovery Development Policy Loan depend on maintaining an adequate macroeconomic framework. They also depend on the adoption of the necessary legislation that will establish the appropriate institutional framework for the newly opened land market, especially the law to help small and medium-sized farmers gain access to finance, “she said.

Bjerde stressed the importance of opening up the land market, but warned that its implementation would require much more effort. In particular, she said, access to credit for small farmers should be simplified.

“Successful implementation of land reform is an important chance to give impetus to Ukraine’s economic growth in the future,” Bjerde said.

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