Ukrainian government said earlier this month it expected to receive this loan by the end of June after securing a $5 billion loan program from the International Monetary Fund on June 9.
The bank said late on Friday that the key reforms supported by the loan included a strengthening land and credit markets, fostering anti-corruption institutions and bolstering the social safety net for the vulnerable elderly population to cushion the impact of the COVID-19 pandemic.
The World Bank is a major development partner of Ukraine and since the country joined the Bank in 1992, its commitments to Kyiv have totaled about $14 billion for more than 80 projects and programs.
Source: Economy - investing.com
