OREANDA-NEWS. Today, on March 24, Governor of the National Bank of Ukraine Stepan Kubiv has held a working meeting with Mr Qimiao Fan, the World Bank Country Director for Ukraine, Belarus and Moldova, and a World Bank mission team focusing on the financial sector development, which has started its work in Ukraine today.

The aim of the meeting was to discuss National Bank's policy priorities and the main areas of focus of the World Bank. Mr Qimiao Fan confirmed the World Bank's commitment to provide up to USD 3 billion in financial aid to Ukraine in 2014 through the financing of investment projects in various industries, the provision of technical assistance, financing investments in the private sector, the Development Policy Loan program, which channels funds to shore up the state budget.

During the course of the meeting, the sides continued to discuss the terms of this loan agreement as a set of measures to be implemented as part of the agreement would be aimed at ensuring the financial sector stability and mitigating the potential risks faced by the banking sector.

Mr Stepan Kubiv informed the representatives of the World Bank about the current situation in the financial and banking industries, in particular, the situation concerning banks' liquidity and solvency.

At the end of the meeting, Governor of the National Bank of Ukraine Stepan Kubiv thanked the representatives of the World Bank for the constructive exchange of opinions on the implementation of strategic reforms in the Ukrainian financial sector and expressed hope that the National Bank of Ukraine would continue the fruitful dialogue with the World Bank during a visit to Ukraine by the World Bank mission team.