SpyLOG
USD11/0229.8923+0.2128
EUR11/0239.6282+0.1515
RTS10/021605.12+0.12%
MICEX09/091518.22-2.46%
RIA Novosti

World

Ukraine may borrow $2 bln from World Bank

19:08 06/11/2008
KIEV, November 6 (RIA Novosti) - Ukraine could receive a $2 billion loan from the World Bank, the speaker of the country's parliament said on Thursday.

The International Monetary Fund earlier agreed to lend Ukraine $16.5 billion.

"The ball is in Ukraine's court now. It is up to us to decide what amount of money we should receive," Arseniy Yatsenyuk said following meetings in Washington with the heads of both organizations.

The speaker said the funds would be used to reform Ukraine's financial and banking sectors.

The financial crisis has seen Ukrainians rush to withdraw their savings, fearing banking collapses. More than $3 billion were pulled out of banks in October.

Ukraine's economy has been hard hit by the global credit crunch, along with the falling price of steel, a key national export.

Last Friday, Ukraine's parliament approved a set of measures needed to receive the IMF loan. President Viktor Yushchenko signed the bills into law on Monday.

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiUkraine may borrow $2 bln from World Bank

19:08 06/11/2008 Ukraine could receive a $2 billion loan from the World Bank, the speaker of the country's parliament said on Thursday. >>

Send by e-mail

All fields are required!



Leave a comment









    Рейтинг@Mail.ru  Rambler's Top100
    © 2012 RIA Novosti