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The World Bank In Ukraine
Ukraine joined the World Bank in 1992, and over the 25 years since, the World Bank has committed $10 billion to over 70 projects in Ukraine. Ukraine is in a constituency with Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Macedonia, Moldova, Montenegro, Romania, and the executive director of the constituency is Frank Heemskerk from the Netherlands. Ukraine Economy Dating back to its constituency in the Soviet Union, Ukraine served as a crucial economic component with its membership, providing more than one-quarter of the Soviet Union's agricultural output. Since its independence in 1991, Ukraine began implementing reforms that liberalized prices and established a framework for widespread privatization. However, in part owing to controversy regarding the implementation of these reforms, the country has experienced a critical decline in its economic stability at numerous intervals, noting a 40% decline in economic output in 1999, compared to prior ...
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Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian invasion, it was the eighth-most populous country in Europe, with a population of around 41 million people. It is also bordered by Belarus to the north; by Poland, Slovakia, and Hungary to the west; and by Romania and Moldova to the southwest; with a coastline along the Black Sea and the Sea of Azov to the south and southeast. Kyiv is the nation's capital and largest city. Ukraine's state language is Ukrainian; Russian is also widely spoken, especially in the east and south. During the Middle Ages, Ukraine was the site of early Slavic expansion and the area later became a key centre of East Slavic culture under the state of Kievan Rus', which emerged in the 9th century. The state eventually disintegrated into rival regional po ...
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Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and the Black Sea to the southeast. It has a predominantly Temperate climate, temperate-continental climate, and an area of , with a population of around 19 million. Romania is the List of European countries by area, twelfth-largest country in Europe and the List of European Union member states by population, sixth-most populous member state of the European Union. Its capital and largest city is Bucharest, followed by Iași, Cluj-Napoca, Timișoara, Constanța, Craiova, Brașov, and Galați. The Danube, Europe's second-longest river, rises in Germany's Black Forest and flows in a southeasterly direction for , before emptying into Romania's Danube Delta. The Carpathian Mountains, which cross Roma ...
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Eastern Ukraine
Eastern Ukraine or east Ukraine ( uk, Східна Україна, Skhidna Ukrayina; russian: Восточная Украина, Vostochnaya Ukraina) is primarily the territory of Ukraine east of the Dnipro (or Dnieper) river, particularly Kharkiv, Luhansk and Donetsk oblasts (provinces). Dnipropetrovsk and Zaporizhzhia oblasts are often also regarded as "eastern Ukraine". In regard to traditional territories, the area encompasses portions of the southern Sloboda Ukraine, Donbas, the western Azov Littoral (Pryazovia). Almost a third of the country's population lives in the region, which includes several cities with population of around a million. Within Ukraine, the region is the most highly urbanized, particularly portions of central Kharkiv Oblast, south-western Luhansk Oblast, central, northern and eastern areas of Donetsk Oblast. Geography The region stretches from southern areas of the Central Russian Upland to the northern shores of the Sea of Azov, from the eastern borde ...
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Crimea
Crimea, crh, Къырым, Qırım, grc, Κιμμερία / Ταυρική, translit=Kimmería / Taurikḗ ( ) is a peninsula in Ukraine, on the northern coast of the Black Sea, that has been occupied by Russia since 2014. It has a population of 2.4 million. The peninsula is almost entirely surrounded by the Black Sea and the smaller Sea of Azov. The Isthmus of Perekop connects the peninsula to Kherson Oblast in mainland Ukraine. To the east, the Crimean Bridge, constructed in 2018, spans the Strait of Kerch, linking the peninsula with Krasnodar Krai in Russia. The Arabat Spit, located to the northeast, is a narrow strip of land that separates the Sivash lagoons from the Sea of Azov. Across the Black Sea to the west lies Romania and to the south is Turkey. Crimea (called the Tauric Peninsula until the early modern period) has historically been at the boundary between the classical world and the steppe. Greeks colonized its southern fringe and were absorbed by the Ro ...
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Ukreximbank
The joint-stock company State Export-Import Bank of Ukraine or Ukreximbank ( uk, Укрексімбанк) is one of three 100% state-owned ''systemically important banks'' in Ukraine (together with Savings Bank and PrivatBank).State-run Ukreximbank posts UAH 14 bln in loss in 2015
(30 April 2016)
The bank was founded in January 1992 with its headquarters in . Bank services a considerable proportion of export and import activities. It acts as the sole financial agent of the

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International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that it ...
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International Bank For Reconstruction And Development
The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States, that is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. The IBRD is the first of five member institutions that compose the World Bank Group. The initial mission of the IBRD in 1944, was to finance the reconstruction of European nations devastated by World War II. The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively known as the World Bank as they share the same leadership and staff. Following the reconstruction of Europe, the Bank's mandate expanded to advancing worldwide economic development and eradicating poverty. The IBRD provides commercial-grade or concessional financing to sovereign states to fund projects that seek to improve transportation and infrastructure, education, domestic polic ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ...
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Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev (Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Government ...
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Netherlands
) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherlands , established_title2 = Act of Abjuration , established_date2 = 26 July 1581 , established_title3 = Peace of Münster , established_date3 = 30 January 1648 , established_title4 = Kingdom established , established_date4 = 16 March 1815 , established_title5 = Liberation Day (Netherlands), Liberation Day , established_date5 = 5 May 1945 , established_title6 = Charter for the Kingdom of the Netherlands, Kingdom Charter , established_date6 = 15 December 1954 , established_title7 = Dissolution of the Netherlands Antilles, Caribbean reorganisation , established_date7 = 10 October 2010 , official_languages = Dutch language, Dutch , languages_type = Regional languages , languages_sub = yes , languages = , languages2_type = Reco ...
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Frank Heemskerk
Frank Heemskerk (born July 26, 1969 in Haarlem) is a former Dutch politician. He was member of Parliament for the Labour Party between 2003 and 2006 and was Minister for Foreign Trade within the Ministry of Economic Affairs from 2006 till 2010. He serves as an Executive Director at the Board of the World Bank Group, and represents the constituency of Armenia, Bosnia & Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Macedonia, Moldova, Montenegro, The Netherlands, Romania Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and ... and Ukraine. He is the Chairman of the Audit Committee, and a member of the World Bank Pension Finance Committee. From 2013 to 2014, Mr. Heemskerk served a member of the Budget Committee, and also as a member of the Human Resources Committee. From ...
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Montenegro
) , image_map = Europe-Montenegro.svg , map_caption = , image_map2 = , capital = Podgorica , coordinates = , largest_city = capital , official_languages = Montenegrin , languages2_type = Languages in official use , languages2 = , ethnic_groups = , ethnic_groups_year = 2011 , religion = , religion_year = 2011 , demonym = Montenegrin , government_type = Unitary parliamentary republic , leader_title1 = President , leader_name1 = Milo Đukanović , leader_title2 = Prime Minister , leader_name2 = Dritan Abazović (acting) , leader_title3 = Speaker , leader_name3 = Danijela Đurović , legislature = Skupština , sovereignty_type = Establishment history , established_event1 = Principality of Duklja , established_date1 ...
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