June 13 2002, 13:02 UNIAN

WB allocated first increment of a loan to reform land relations at accelerated pace

UNIAN reported that the Ukrainian Vice-Premier Kozachenko disclosed the fact of WB allocating the first tranche of the loan focused on accelerated land reform and land titling. As he put it, the WB management took the aforementioned decision two weeks ago. The funds are to arrive in Ukraine this week already. The first tranche adds up to US 12mn, which is 10% of the total loan value.