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Ukraine - Rehabilitation Loan (English)

The main objective of the Rehabilitation Loan Project is to support the government's economic reform program to stabilize the economy and create the conditions for a resumption of economic growth. Other objectives are to: (i) provide foreign exchange for the purchase of critical imports; including for the private sector; (ii) provide budgetary support for the strengthening of the social safety net for the neediest; (iii) improve the functioning of the foreign exchange market; and (iv) provide a framework for financial assistance from other donor agencies. The loan supports policies that: (a) promote the development of competitive markets; (b) result in improved financial discipline and hard budgets for enterprises, farms and banks; and (c) improve the targeting of benefits to the most needy and strengthen the social safety net. Among the key reforms are price and trade liberalization; development of the private sector, and the abolition of the system of state order; privatization of small, medium and large enterprises, and agricultural land; restructuring of the electricity sector; and improved targeting of benefits to protect vulnerable groups, especially children in poor families and poor pensioners.

Details

  • Document Date

    1994/11/30

  • Document Type

    Memorandum & Recommendation of the President

  • Report Number

    P6466

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Ukraine,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2015/01/16

  • Disclosure Status

    Disclosed

  • Doc Name

    Ukraine - Rehabilitation Loan

  • Keywords

    foreign exchange;Privatization;weights and measure;direct credit;state enterprises;large enterprise;Exchange Rates;price control;economic reform program;profit margin;mass privatization program;accumulation of payment arrears;monetary policy;domestic price;agricultural land;liberalization of prices;terms of trade;institutional framework for privatization;efficient use of resource;rate of inflation;financial situation of enterprises;ceilings on interest rates;efficient allocation of resource;Housing and Communal Services;increase in tax revenue;access to foreign market;economic and sector work;positive real interest rates;water supply and sewage;living condition;State and Collective Farms;export quota;energy import;reduction in subsidies;state owned enterprise;private sector activity;implementation of reform;market exchange rate;variable interest rate;government budget deficit;supply of energy;small scale enterprise;increase in prices;Economic Policy;public utility charge;foreign investor;export tax;sale of share;vulnerable group;voluntary export restraint;allocation of share;process of privatization;pace of privatization;privatization of state;Support for Agriculture;Wage Bill;domestic trade;public information program;quantitative import restriction;capital flight;Public Transport;demand for credit;educated labor force;state enterprise sector;acceleration of inflation;confidence of investor;law and regulation;share of export;tax reform effort;household electricity price;increase in mortality;competitive private sector;foreign direct investment;consumer price index;reduction in inflation;poor financial situation;foreign exchange market;wholesale electricity market;standard of living;essential social services;impact of adjustment;military industrial complex;country economic memorandum;per capita gnp;efficient resource allocation;cost of import;enterprise budget constraint;enforcement of bankruptcy;price of gas;net domestic assets;system of credit;land share;living standard;block of shares;average import tariff;public auction;export of goods;foreign exchange regime;Food Silo;current account deficit;public information campaign;trade in services;improving energy efficiency;cost of energy;world market price;tax on profits;cost of transport;role of prices;agricultural land market;multiple exchange rate;official exchange rate;baby food;housing rent;transfer of ownership;local government body;foreign trade;financial discipline;temporary measure;income policy;relative price;trade mark;Income policies;private trade;administrative control;energy supplier;retail store;real wage;privatization process;maximum rate;commercial bank;raw material;external financing;enterprise management;market economy;energy need;draft law;budgetary support;bank's standard;grace period;export value;budgetary organization;external balance;tax burden;state budget;increased demand;credit expansion;safety reason;book value;administered price;special regime;loss-making enterprise;enterprise behavior;auction market;merchandise trade;

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Citation

Ukraine - Rehabilitation Loan (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/363721468314682394/Ukraine-Rehabilitation-Loan