Part of Oral Answers to Questions — International Development – in the House of Commons at 11:30 am on 24 June 2009.
On a personal note, Mr. Speaker, may I add my congratulations to those of others on your election as Speaker?
The World Bank expects Ukraine to experience a significant recession in 2009. To counter the impact of the recession, the International Monetary Fund has agreed a package with the Ukrainian Government worth $16.4 billion. Other international institutions are standing by if needed.