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Ukraine and World Bank discuss preparation of reconstruction projects

May 27, 2023

Ukraine and the World Bank discussed existing projects and the process of preparing new systemic reconstruction projects, in line with the priorities identified in the RDNA2 report.

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According to Ukrinform, this was reported by Finance Minister Sergii Marchenko on his Facebook page.

"The dynamic agenda of the meetings within the framework of the Meeting of the IMF and World Bank member countries taking place in Montenegro is very positive. Rapid recovery and reconstruction of Ukraine are our key tasks in cooperation with our partners. It is important to create conditions under which Ukrainian citizens will be ready to return to Ukraine and feel safe and comfortable," Marchenko wrote.

He noted that the World Bank is Ukraine's leading partner in this process. The Ukrainian side, together with Antonella Bassani, World Bank Vice President for Europe and Central Asia, discussed existing projects and the process of preparing new systemic reconstruction projects, in accordance with the priorities identified in the RDNA2 report.

"During the meeting, I emphasized that the Ministry of Finance's absolute priority is the responsible, transparent, and accountable use of donor funds, as the trust of our partners is the basis of our cooperation. At the meeting with the representatives of the International Finance Corporation (IFC), we outlined the prospects for expanding cooperation between Ukraine and the IFC in attracting financing for the reconstruction of the country and supporting Ukrainian business. And working with IFC should become one of the tools to raise funds for the country's reconstruction," Marchenko said.
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The head of the Ministry also reported on a meeting with Alfred Kammer, Director of the IMF's European Department. The parties discussed the work of the IMF mission, within which our teams are working constructively in Vienna, as well as expectations regarding the results of the first review of the Extended Fund Facility (EFF) program.

"Today I am leaving for Austria to take part in the IMF mission. We will announce the results later," Marchenko added.
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Author - Serhii Kolomiets, 27/05/2023

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