Ukraine wants to raise new sovereign debt, supported by a guarantee from the World Bank, according to Oksana Markarova, the country's finance minister. The country borrowed 529 million euros under World Bank guarantee in March after securing a new standby loan agreement from the IMF late last year. Its war-battered economy has been supported with loans from the World Bank, International Monetary Fund and other bodies on the condition that the government passes reforms and tackles corruption. The IMF said it was "encouraged" by Ukraine's progress in reforming its economy.
Ukraine wants to raise new sovereign debt, supported by a guarantee from the World Bank, according to Oksana Markarova, the country's finance minister. Its war-battered economy has been supported with loans from the World Bank, International Monetary Fund and other bodies on the condition that the government passes reforms and tackles corruption. The IMF said it was "encouraged" by Ukraine's progress in reforming its economy.