February 20, 2015

World Bank to give Kyiv $2 B 

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WASHINGTON – The World Bank announced on February 12 that it will provide Ukraine with up to $2 billion in support in 2015, with assistance focused on aiding the poor, supporting reforms and fighting corruption. The World Bank said the financing would be part of a package from the international community. “It is vital that Ukraine undertakes comprehensive reforms quickly,” World Bank President Jim Yong Kim said in a statement. Ukraine’s currency, the hryvnia, lost 50 percent of its value last year and the economy shrank about 7.5 percent. (RFE/RL, based on reporting by Reuters and Agence France-Presse)