KYIV, March 27 – The World Bank's Board of Executive Directors on Tuesday approved a new Development Policy Operation (DPO) for Ukraine in the amount of $1.5 billion.

"Despite enormous challenges, Ukraine is undertaking challenging reforms, with an eye to cementing Ukraine's future in the European Union and ensuring the long-term prosperity of the country," said Antonella Bassani, World Bank Regional Vice President for Europe and Central Asia.