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Rada gives final approval to IMF-mandated investor legislation
Journal Staff Report

KIEV, April 7 – Parliament on Tuesday passed without discussion at second reading draft laws on amendments to the Budget Code on state investment projects (No. 2258) and on amendments to some Ukrainian laws on the protection of investors' rights (No. 2259) the approval of which is a pre-condition for receiving $500 million from the World Bank under the Development Policy Loan (DPL), and $300 million from the Japanese government.

"A World Bank pre-board [meeting] is on Wednesday. If there were no bills Nos. 2258 and 2259 [passed] by Wednesday noon, we won’t receive $800 million," Deputy Economic Development and Trade Minister Maksym Nefiodov wrote on his Facebook page on Monday.




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