World Bank to increase portfolio of projects for Ukraine
Ukraine and
the World Bank have agreed to increase the portfolio of projects. This was
informed in the process of drawing conclusions of the joint work of the parties
in 2013.
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The First
Deputy Minister of Economic Development and Trade of Ukraine Anatoliy Maksiuta and Director
of the World Bank for Ukraine, Belarus and Moldova Qimiao
Fan discussed the results of cooperation of Ukraine with the World Bank and
ascertained its dynamic development, enlargement of the spectrum of areas and
directions of cooperation, improvement of mechanisms and instruments of
cooperation. “For the third year in a row Ukraine has
been demonstrating stably high disbursement showings. So, the coefficient of disbursement
in 2013 financial year (that finished on 30.06.13) increased twofold against
2011 (15.1%) and reached a record showing for the whole period of cooperation
with the Bank – 30.2%,” Anatoliy Maksiuta said. Moreover,
there was stressed that the positive dynamics is preserved in the I half of 2014 financial year (July – December 2013). As
of January 2014 the disbursement coefficient has equaled 21.4% which enabled
Ukraine to take the second place among 22 countries of Europe and Central
Asia region. Just with
the view to such positive results of realization of the projects the sides
agreed to increase the project portfolio by preparing five new infrastructure
and socially focused projects at the total sum of over USD 1.7 bln for modernization of water and heating supply systems
of Ukraine’s cities, further upgrade of substations of Ukrenerho,
reforming of the healthcare system and social protection of the population. Aiming to
confirm the reached understandings the First Deputy Minister of Economic Development
and Trade of Ukraine Anatoliy Maksiuta
and Director of the World Bank for Ukraine, Belarus and Moldova Qimiao Fan signed the Protocol of considering the project
portfolio. |