KIEV, Sept. 16 – The World Bank has provided a loan of $500 million to finance the Second Financial Sector Development Policy Loan, the National Bank of Ukraine said on its website.

Finance Minister Natalie Jaresko and World Bank Director for Ukraine, Belarus and Moldova Qimiao Fan signed the credit agreement on Wednesday.

"The loan was endorsed by the Directors’ Board of the World Bank on September 15, 2015. This loan is one more step towards enhancing the financial stability of our country to recover its economy," the report said.