06:00 GMT30 November 2020
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    Kiev and the World Bank have signed an agreement on a $500 million loan aimed at helping Ukraine develop its financial sector, a RIA Novosti correspondent reported Wednesday.

    MOSCOW (Sputnik) — The deal was signed by Ukrainian Finance Minister Natalie Jaresko and Qimiao Fan, the World Bank's Country Director for Ukraine, Belarus and Moldova.

    The bank said earlier in the week that the loan is aimed at improving the solvency of Ukraine's banking system through the implementation of bank recapitalization and restructuring plans, as well as strengthening the legal and institutional framework.

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    Tags:
    loans, World Bank, Qimiao Fan, Natalie Jaresko, Ukraine
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