The World Bank is preparing a $650 million guarantee designed to help Ukraine raise $800 million
Friday, August 17, 2018

The World Bank is preparing a $650 million guarantee designed to help Ukraine raise $800 million

The World Bank is preparing a $650 million guarantee designed to help Ukraine raise $800 million through private transactions in the lending market, the Bank’s Ukraine office reported Thursday on its Facebook page. The guarantee would be tied to enacting banking and credit laws and reaching an agreement with the IMF. On Monday, the IMF’s Ukraine office announced that a mission would come to Kyiv Sept. 6-19. The goal is to reach an agreement to release $1 billion IMF tranche. This money would stabilize the hryvnia, weakened after devaluations this month in neighboring Russia and Turkey.

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