WASHINGTON, September 15, 2015 - The World Bank’s Board of Executive Directors today approved the following project: Ukraine - Second Programmatic Financial Sector Development Policy Loan
IBRD Loan: US $500.0 million
Terms: Maturity = 17 years, Grace = 6 years
Project ID: P151941
The objective of the project is to support the authorities in: (i) strengthening the operational, financial and regulatory capacity of the Deposit Guarantee Fund for the resolution of insolvent banks; (ii) improving the solvency of the banking system through implementation of bank recapitalization/restructuring plans and timely enforcement action; and (iii) strengthening the legal and institutional framework to improve the resilience and efficiency of the banking system.