WASHINGTON, December 18, 2018 - The World Bank’s Board of Executive Directors today approved the following guarantee:
Ukraine: Economic Growth and Fiscally Sustainable Services Policy Based Guarantee
IBRD Guarantee: $750 million
Project ID: P164414
The $750 million Policy-Based Guarantee (PBG) for Ukraine will support important reforms in banking, anti-corruption, agricultural land, pensions, utility subsidies, and healthcare. These reforms are intended to strengthen the foundations for economic growth and macroeconomic stability in Ukraine. The $750 million guarantee is expected to help Ukraine raise about $1 billion from international markets to finance the country’s budget.