LOANS & CREDITS

Ukraine - Second Programmatic Financial Sector Development Policy Loan

September 15, 2015

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

Project Description:

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.

Media Contacts
Elena Karaban
Tel : +1 (202) 473-9277
Ekaraban@worldbank.org

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