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The World Bank has approved a $200 million loan to modernize Ukraine’s universities and to upgrade their “relevance to labor market needs,

Wednesday, May 12, 2021

” the Bank reported after Board Meeting on May 5. The money will fund a 5-year program to develop “modern digital infrastructure” and to improve transparency in university administration. Arup Banerji, the Bank’s director for Eastern Europe, said a goal is “to modernize teaching and learning in universities in line with European standards.”

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Separately, the European Investment Bank has approved a €58 million loan to improve vocational education in Ukraine.

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