Zelensky thanked the World Bank for the significant support given to Ukraine since the beginning of a full-scale war with Russia.
During his visit to the United States, Ukrainian President Vladimir Zelensky spoke with World Bank President Ajay Banga. Among other things, they discussed how the frozen assets of Russia can be used for the benefit of our state. This was stated in a statement from the Office of the President of Ukraine on Tuesday, December 12.
The politician called the meeting with Banga “productive and good.”
According to the president, they also discussed how to strengthen the financial system of our state and the strategy for the continuation of mortgage lending.
“We have agreed to work together to implement all strong ideas that will give Ukraine economic stability,” Zelensky said.
Among other things, Zelensky and Bang discussed the continuation of mortgage lending in Ukraine. The World Bank will help create mechanisms to allow commercial banks to raise more funds in the mortgage market and lower mortgage rates.
Ukraine will receive a loan from the World Bank for $1.2 billion to finance social payments.
It was previously reported that the World Bank will provide $700 million to farmers in Ukraine through the Affordable Loans 5-7-9 program.
The World Bank insured the first investment projects in Ukraine against war risks.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.