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President had a meeting with the President of the World Bank in Washington

12 Dec, 2023
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President had a meeting with the President of the World Bank in Washington

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During a working visit to the United States, President of Ukraine Volodymyr Zelenskyy met with President of the World Bank Ajay Banga.

The Head of State expressed gratitude for the significant support provided by the World Bank to Ukraine since the beginning of the full-scale aggression of Russia, mobilization of international financial assistance to our country and active support in cooperation with international donors.

Ajay Banga reaffirmed the World Bank's readiness to consistently provide financial support and share the best global practices for Ukraine's economic recovery.

Volodymyr Zelenskyy expressed interest in intensifying cooperation with the World Bank in the transformation of our country.

 

 

The parties discussed ways to enhance the resilience of the Ukrainian financial system during the war and focused on increasing the share of cashless transactions in Ukraine's economic system.

"Creating a true cashless economy is extremely important for Ukraine, and I fully support this project," the President emphasized.

The parties also discussed the strategy for restoring mortgage lending. The World Bank will prepare proposals to create market mechanisms for raising funds from commercial banks in the mortgage market and risk mitigation tools to reduce mortgage rates.

Volodymyr Zelenskyy and Ajay Banga also exchanged views on the mechanisms for using frozen Russian assets for the benefit of Ukraine.

The Odessa Journal

The Odessa Journal

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