Implementation of joint development project with the World Bank is under constant Government's control

The Second Development Policy Loan (DPL-II) is one of the priority in the cooperation with the World Bank, so the Government is making efforts for the early implementation of the program. Deputy Minister of Economic Development and Trade Ihor Veremiy stated this at a meeting with representatives of the World Bank.

The Second Development Policy Loan is a key issue of cooperation with the World Bank, that’s why we control all tasks that there are in the Program for Strategic and Institutional Reform Project on legislative changes, regulations. Of course, there is some delay due to changes in a new Parliament, but despite of this fact we strive to complete all editorial, legislative, and all other issues in this legislation,” Ihor Veremiy noted.

It should be noted that Ukraine received the first part of the loan in the amount of US$750 million in May 2014. The second loan is planned in the amount of US$500 million, if Ukraine fulfills all the measures provided in the relevant matrix of policy and institutional reforms.

Program Leader at the World Bank Lalita Moorty said that the World Bank would encourage the development of the project in Ukraine.

"We have a desire to do everything that depends on us to speed up the process," she summed up.