KIEV, Dec. 10 - The World Bank's Board of Executive Directors has endorsed a new Country Partnership Strategy (CPS) for Ukraine covering the period of 2008-2011 that envisions a lending range of $2 billion-$6 billion for the country.

"The strategy also foresees the continuation of financial assistance in support of economic reforms through the Development Policy Loan program, expected to provide budget financing in the range of $400 million-600 million annually," the bank said.