““The raised funds will be directed to increase the potential of economic development” – Marchenko”, — write: www.radiosvoboda.org
The financing consists of 567 million dollars guaranteed by the government of Japan within the framework of the Trust Fund for providing necessary credit support to Ukraine (ADVANCE Ukraine) and 483 million US dollars guaranteed by the government of Great Britain.
“The raised funds will be aimed at increasing the potential of economic development and financing priority social and humanitarian expenditures of the state budget of Ukraine,” said the Minister of Finance of Ukraine, Serhiy Marchenko.
It is noted that the tranche was provided to ensure sustainable growth in the areas of customs and tax policy, fight against corruption, support of state-owned enterprises, development of the private sector and logistics infrastructure.
On December 18, the executive board of the World Bank approved financing for Ukraine for more than 2 billion dollars. The package includes $1.05 billion from the World Bank, supplemented by loan guarantees backed by Japan and Great Britain. The financial package also includes a grant in the amount of 1 billion dollars from the frozen assets of the Russian Federation.