Thursday, October 23, 2014   

World Bank offers US$3b to indebted Ukraine
(03-11 10:30)

The World Bank said it is prepared to offer US$3 billion in aid to Ukraine this year to support economic reforms and development.
The bank received a request from nearly bankrupt Kiev authorities, which took power last month after Ukraine's former president Viktor Yanukovych was ousted.
The bank said the Ukraine economy faces some serious challenges that will require “urgent action in the short term,’’ as well as sustained reform over the longer term.
It said the key priorities are restoring macroeconomic stability, shoring up the country's banks, reforming to the energy sector and “seriously tackling corruption.''
--AFP


   
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