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World Bank pledges $3 billion to Ukraine for reforms

Staff writer |
The World Bank said it will provide up to $3 billion to support reforms in Ukraine, which is struggling to put its economy back on track amid political turbulence.

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The World Bank said that restoring economic stability, strengthening the banking sector, reforming the energy sector, tackling corruption, enhancing investment and improving social assistance were key priorities for Ukraine.

"We are committed to supporting the people of Ukraine in these difficult times and very much hope that the situation in the country stabilizes soon," said World Bank Group president Jim Yong Kim.

The World Bank says it has already been implementing a $3.7 billion program in Ukraine to improve water supply, sanitation, power and roads, and support the private sector.

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