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Ukraine has signed a $350 million loan agreement with the World Bank that aims to help mitigate the impact of the COVID-19 pandemic and support economic recovery

, Prime Minister Shmygal said Friday. The money also will help implement a fair development of the farmland market, continue reform of the natural gas sector, and strengthen the credit market. Since Ukraine joined the World Bank in 1992, the Bank has committed $14 billion for more than 80 projects and programs.

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