Development Policy Loan 1

closed

Closed

The development objectives of the First Development Policy Loan (DPL1) Project for Ukraine are to: (i) promote good governance, transparency, and accountability in the public sector (pillar A); (ii) strengthen the regulatory framework and reduce costs of doing business (pillar B); and (iii) reform inefficient and inequitable utility subsidies while protecting the poor (pillar C). The DPL1 supports high-priority reform measures to address key structural roots of the current economic crisis in Ukraine and to lay the foundation for inclusive and sustainable growth. The operation is an integral part of a package of coordinated financial assistance from international partners to help Ukraine address urgent macroeconomic challenges, while embarking on medium-term structural reforms. The programmatic DPL series is aligned with strategic directions set out in the country partnership strategy (FY2012-16) and builds on long-standing policy dialogue with the authorities. To enhance shared prosperity and protect gains made in reducing poverty, this DPL series focusses on reforms that support a balanced distribution of the social burden resulting from the necessary economic adjustment. To achieve a more balanced social burden sharing, the DPL program includes reforms aimed at reducing leakage including decisive steps to curb widespread high-level corruption and closing loopholes for tax avoidance and evasion. In addition, the DPL series supports the government in undertaking steps to strengthen social safety nets to cushion the impact of reforms on the poor and vulnerable.

FY17 - Energy and Extractives,FY17 - Financial Sector,FY17 - Industry, Trade and Services,FY17 - Public Administration

World Bank Group

Project

Power Transmission, Power Generation (CCGT), Government