KIEV, March 30 ??“ Ukraine seeks to improve cooperation with the World Bank, the European Bank for Reconstruction and Development and other lenders as it plans to borrow $12 billion by 2012, Economy Minister Anatoliy Kinakh said.

"The government is going to increase cooperation with international financial institutions,??? Kinakh said. ???This cooperation will attract about $12 billion of investments into Ukraine's economy in the next five years.

"The minister said that the major loans would be attracted from the World Bank. If a partnership strategy with the bank for 2008-2011 is adopted, this sum may be $0.8-1 billion annually, while in general, Ukraine plans to attract about $2.5 billion from international financial institutions annually.