World Bank has plans to invest US $ 2-6 billion into the Ukrainian economy during 2008-2011.

World Bank has reported about this in a statement, referring to the Country Partnership Strategy (CPS) for Ukraine for 2008-2011.

This document establishes the priorities for World Bank's activity in Ukraine, including loans and investments, granting analytical, consultation services and technical assistance.

Amount of loans per year will be determined by a quantity of indicators, particularly, such as achievements in carrying out structural reforms, macroeconomic stability and disbursement of credits previously provided by the World Bank in different fields, as well as in Ukrainian real estate field.

The bank's efforts, specifically, will be utilized for three fields: improving international competitiveness of Ukraine, improving of the government finance system, fighting weak sides both of the state, and of the private sector (in particular, reduction of corruption).

On average, amount of budget will make up some US $ 1-1.2 bn a year, says WB regional director Paul Birmingham for Ukraine, Belarus and Moldova.

Amount of loans for implementing infrastructural reforms will total round US $ 500-750 mln.

As well World Bank is currently considering about the chance of providing a credit of US $ 50 mln for modernization of the government finance management structure, the board of directors will view this on June 8, 2008.

In addition, early in 2008 the bank plans to support Ukraine with US $ 400 mln to improve traffic system, modernize roads and stabilize the situation with property for sale in Ukraine.

Late in October the World Bank declared its intention to invest US $ 1 bln per year in projects in Ukraine in 2008-2011.