Commenting on the funding, Ukrainian Finance Minister Natalie Jaresko said it is aimed at improving efficiency and transparency of the public sector, deregulating the economy and creating a better business environment in the country.
In particular, the credit will be used to strengthen the fight against corruption and carry out the utility sector reform, which will cut Ukraine`s high energy subsidies and spur the country`s finances.
The loan is part of a larger financing package of 40 billion dollars in international aid to Ukraine for a series of structural reforms in the energy, financial, banking and administrative sectors within the next four years.
More about:
