OREANDA-NEWS.  February 17, 2012. The World Bank Board of Executive Directors has approved a new Country Partnership Strategy for Ukraine covering the period of 2012-2016.

Country Partnership Strategy for Ukraine will support the Economic Reform Program for 2010-2014, concentrating in two areas: Improving public services and public finances, and improving the business climate.

In particular, the Strategy proposes an investment lending program in the range of USD 500 million per annum. Financing and tools spectrum will increase if reforms accelerate and governance improves, by lending support to the development policy. Critical to achieving the Strategy outcomes will be the improvement in implementation of the existing portfolio. The International Finance Corporation is expected to lend additional funds of up to USD 400 million annually.

The Strategy also suggests analyzing, advisory and technical assistance. Advisory services will target key policy areas such as fiscal, tax, and public financial management; agriculture, land, and business regulations, public enterprise governance; the financial sector, energy efficiency, and governance; and social reforms.