KIEV, Dec. 21 – The World Bank could issue $1-1.5 billion in loans in 2011 to realize projects in Ukraine, the bank's Kiev office said.

The Kiev office said that the funds could be used for projects to support government reforms, Ukrainian exports, the financial sector, and the financing of energy saving programs.

The bank said that in 2010 the World Bank's board did not put on the agenda discussion of the financing for projects in Ukraine, and $4.7 billion was spent by the middle of 2010.

Ukraine became a World Bank member in 1992. Since 1992, the World Bank has approved loans worth over $6.9 billion for Ukraine.

According to the Finance Ministry, the total state debt to the World Bank as of November 1, 2010 came to $3.161 billion or 6.2% of the total direct and guaranteed debt: it fell by 3.1% over the first ten months of 2010.