"We are always open to fruitful cooperation with the World Bank. We are grateful for the support you provide to us," he said.
The President stressed that Ukraine and the World Bank are now implementing 11 projects totaling $1.37 billion. He added that system loans are the most flexible and effective instruments of direct support of the state budget, economic reforms, and positive dynamics of economic growth in Ukraine.
Viktor Yanukovych noted that Second Public Finance Modernization Project is being prepared now worth about $360 million and aimed at strengthening public financial management in Ukraine. There is also preparation of the Fourth Development Policy Project worth $ 500 million going on.
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