World Bank Pledges $3Bln Loan To Ukraine For Reforms
The World Bank announced on 11 March that it will provide up to $3 billion to support reforms in Ukraine, which is struggling to put its economy back on track amid political turbulence.The lender explained that restoring economic stability, strengthening the banking sector, reforming the energy sector, tackling corruption, enhancing investment and improving social assistance were key priorities for Ukraine.The pledged assistance comes on top of existing cooperation between Ukraine and the bank.

Sanchez Ceren Elected As El Salvador’s President
Former leftist rebel commander Salvador Sanchez Ceren has won El Salvador’s presidential election by a razor-thin margin. His conservative opponent, Norman Quijano, has vowed to challenge the official results.The El Salvador’s Supreme Electoral Tribunal (TSE) on 17 March 2014 officially declared Sanchez Ceren the winner of the Central American nation’s presidential election by a margin of just 7,000 votes. He secured 50.1 percent of the ballot compared to 49.9 percent for Quijano.

Russia Recognizes Crimea As A Sovereign State
President Vladimir Putin signed a decree on 17 March recognizing Crimea as a sovereign state after the Ukrainian region declared itself independent and applied to join Russia following a weekend referendum .The decree posted on the Kremlin’s website appeared to be a first step toward integrating Crimea as a part of the Russian Federation.G-8 nations (Group of the eight Countries) on 18 March 2014 suspended Russia from elite club of world powers. It has been suspended amid heightened tensions over its incursion in Crimea of Ukraine.

EU signed Landmark Political Deal with Ukraine
The European Union and Ukraine signed the core elements of a political association agreement on 21 March 2014.Ukrainian Prime Minister Arseny Yatseniuk, EU leaders Herman Van Rompuy and Jose Manuel Barroso, and the leaders of the bloc’s 28 nations signed the core chapters of the Association Agreement on the sidelines of an EU summit in Brussels.


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