worldbank
Editor’s note: This is issue 54 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 29- May 5, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. IMF benchmarks in focusThe Tax Policy Committee has finalized the table of amendments to the draft law on the Bureau of Economic Security reform. The Committee on Finance, Tax and Customs Policy has finalized the table of amendments to draft law ...
Kyiv Independent
Editor’s note: This is issue 53 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 22-28, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and obligations in the IMF MemorandumThe Parliament adopted the draft law on hearings in the High Anti-Corruption Court and met the last structural benchmark before the next review of the program. On April 24 the Verkhovna Rada of Ukraine ...
Kyiv Independent
Editor’s note: This is issue 52 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 15-22, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. World Bank prioritiesThe Committee on Law-Enforcement recommended a draft law with changes in the High Anti-Corruption Court hearings. On April 22, the Committee on Law Enforcement Issues recommended adopting draft law #11130. The draft law suggests ...
Kyiv Independent
The private financing arm of the World Bank plans to invest $1.9 billion in projects in Ukraine over the next 18 months, Reuters reported on April 22. According to its website, the International Finance Corporation (IFC) is the "largest global development institution focused exclusively on the private sector in developing countries." Since the launch of Russia’s full-scale invasion, it has already invested $1.1 billion in Ukraine. The new funding will go into projects such as river transport on the Danube or energy generation from solar and wind. "It will allow us to start looking at investmen...
Kyiv Independent
Ukraine will receive a $1.5 billion loan through the World Bank under its Growth Foundations Development Policy Loan (DPL) program, Ukraine's Finance Ministry announced on March 26. Funding totaling $1.5 billion, backed by guarantees from Japan and the United Kingdom, will be provided through the World Bank Trust Fund (ADVANCE Ukraine). In total, Japan will guarantee $984 million, and the United Kingdom will guarantee $516 million. Ukraine will receive the loan by the end of March, the news release noted. Ukraine's Finance Minister Serhii Marchenko emphasized the crucial support of the World B...
Kyiv Independent
Editor’s note: This is issue 48 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from March 18- 24, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and obligations in the IMF MemorandumUkraine's parliament reinstated the post-clearance customs audit. Last week the Verkhovna Rada, Ukraine's parliament, adopted in the second reading draft law #9456 with updates to the Customs Code of U...
Kyiv Independent
Editor’s note: This is issue 46 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from March 4- 10, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. World Bank prioritiesThe President can no longer veto the draft law on financial markets, but the Presidential Office found a way to change it in favor of the National Securities and Stock Market Commission's head. According to the Constitution of Uk...
Kyiv Independent
Editor’s note: This is issue 46 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from March 4- 10, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. World Bank prioritiesThe president signed the draft law on corporate governance reform in state-owned enterprises On March 5, President Volodymyr Zelensky signed draft law #5593-d on state-owned enterprise (SOE) corporate governance reform. It’s one ...
Kyiv Independent
Editor’s note: This is issue 43 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Feb. 12-18, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. IMF benchmarks in focusLawmakers submitted an alternative draft law on restarting the Economic Security Bureau of Ukraine (ESBU) in line with international recommendations. On Feb. 12, Yaroslav Zhelezniak, first deputy head of the Committee on Finance...
Kyiv Independent
The World Bank and Ukraine's Economy Ministry are working to mobilize $500 million for projects supporting Ukrainian business in 2024, the ministry's press service reported on Feb. 15. The matter was discussed during a meeting between the ministry's team and the World Bank mission headed by Arup Banerji, the World Bank's regional country director for Ukraine and Moldova. As the ongoing full-scale Russian invasion continues to put pressure on Ukraine's economy and business, the World Bank plays a major role in supporting the country's economic sector. "I want to thank the World Bank for support...
Kyiv Independent
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