(Ukrainian News Agency) - The World Bank has issued a USD 150 million credit to Ukraine for a project to expand access to financial services markets. The credit contract was signed in a ceremony June 23 by the World Bank director for Ukraine, Belarus and Moldova Paul Bermingem and the deputy Finance Minister, Volodymyr Matviichuk.

According to Matviichuk, USD 125 million of the loan will be channeled to crediting small-scale and medium- scale farming enterprises via authorized banks, while the remainder USD 25 million will pay for institutional development of the State Regulatory Commission for Financial Services Markets and the State Mortgage Organization.

Ukraine has received over USD 4.5 billion in World Bank loans for implementation of more than 30 projects since becoming a member of the World Bank in 1992.


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