WORLD BANK APPROVES $100 MILLION FOR UKRAINE
Published:
11 December 2001 y., Tuesday
The World Bank on 9 December decided to disburse $100 million to Ukraine. The sum is the second part of the first tranche of the bank's $750 million adjustment loan. Ukraine received the first tranche of $150 million in September. According to the bank, its adjustment loan provides substantial support for the government's program of reforms, which may result in 8 percent economic growth in Ukraine this year.
Meanwhile premier of Ukraine Anatoliy Kinakh has announced that the government will not offer strategic enterprises for privatization in the first quarter of 2002. Kinakh explained that the government's decision was due to the upcoming ballot and a global economic downturn.
Šaltinis:
rferl.org
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Bank DnB NORD A/S increasing its holdings in its Lithuanian subsidiary to 99.84 percent through acquisition of shares from minority shareholders.
more »
AB Bank SNORAS will grant LTL 35 million for financing the small and medium businesses on the exclusive conditions.
more »
Rejecting survival plans from both General Motors and Chrysler, President Barack Obama warned the ailing US automakers they could be forced into bankruptcy if they don't find a way to slash their debt.
more »
Prevailing wisdom says when the going gets tough the weary go drinking. The demand for beer exceeds the demand for all other alcoholic beverages in USA.
more »
Things have been moving slowly for Swiss watchmakers in recent months. The global economic downturn has hit the country's third most important industry hard.
more »
The move came a day before the U.S. government was due to outline new steps to help GM and Chrysler as part of the federal bailout.
more »
With the European year of creativity and innovation in full swing, leading figures warn against cutting back on research and development in times of crisis.
more »
Wall Street has been looking for signs of a bullish comeback, and today's surprise news on the economic front revived a buying spree... started by Monday's 7% rally.
more »
With the economic crisis eating away at public finances, budget deficits in five countries are expected to exceed the 3% of gross domestic product allowed by the EU.
more »
China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.
more »