OREANDA-NEWS. April 22, 2008. World Bank Managing Director Ngozi Okonjo-Iweala, who arrived with a two-day visit in Ukraine, will carry out negotiations with the authorities of Lviv and Lviv region and will meet with the Kyiv management and other officials, reported the Official website www.kmu.gov.ua.

The World Bank renders assistance to Ukraine during 15 years through investments into priority development projects, as well as through rendering quality advisory-consultative assistance. Over this period, the bank offered Ukraine the resources to the amount of over USD 5,3 billion (of which about USD 3,77 billion are used), that makes up about 34 percent of the total amount of financial resources of international financial organizations over this period.

In late 2007, the World Bank Board of Directors approved a strategy of partnership with Ukraine for 2008-2011. The document envisages that the World Bank intends to invest USD 2-6 billion into the Ukrainian economy over this period.

In early April, the World Bank worsened the inflation forecast in Ukraine from 13,8 percent to 17,2 percent in 2008, and left unchanged the GDP growth forecast for 2008, at 5,5 percent.

Okonjo-Iweala is an ex-Finance and Economy Minister of Nigeria.