Ukraine, Mozambique Gain World Bank Aid

The World Bank is lending USD60 million more to support a hydropower rehabilitation project in Ukraine,

reports. The supplementary funding will be used to rehabilitate three hydroelectric units in the Dniprovska 2 hydropower plant and another three hydroelectric units in the Kremenchug hydropower plant. The Washington-based lender is also offering some USD110 million in direct budget support to Mozambique in 2010, according to

. The sum is USD20 million more than its funding over the previous years.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.