In fiscal year 2013 (July 1, 2012 - June 30, 2013) Ukraine managed to achieve positive results in cooperation with the World Bank. The country intensified the implementation of investment projects, implemented with the assistance of the Bank. As a result, the volume of investment funds, used for these projects out of the total project portfolio, reached a record high during all the years of cooperation with the World Bank. This was discussed at a joint meeting to review the project portfolio of the World Bank in Ukraine.

"In recent years, we have been able to lay the foundation for the improvement of the portfolio of the World Bank in Ukraine, to form the structure of the portfolio in accordance with the needs of the Ukrainian side. This is allowed in fiscal year 2013 to reach a record for all the years of cooperation with the Bank percent of funds. Thus, this year Ukraine took 6th place in terms of disbursement among 22 countries in Europe and Central Asia. Ukraine also ranked 5th in the region in terms of a portfolio that consists of 10 projects totaling $ 2 billion 42 million U.S. dollars," economic development and trade minister of Ukraine Ihor Prasolov, who participated in the meeting, said.

World Bank Country Director for Ukraine, Belarus and Moldova Qimiao Fan noted apparent successes of Ukraine in revitalization of the work.

He added that if the positive trend continues in future, the World Bank does not rule out the possibility to increase the annual amount of resources to Ukraine from $ 500 million to $ 1 billion.


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