World Bank

Ukraine’s new procurement law takes effect in nine months

Ukrainian President Volodymyr Zelenskyy has signed Law No. 4888-IX on public procurement, formerly Bill No. 11520, a requirement under the World Bank’s Development Policy Operations program, parliamentary records show.

24 June, 03:35 PM

$272 million in World Bank aid to fund social spending, PM says

Ukraine received a EUR236 million ($272 million) disbursement to its state budget under the World Bank's PEACE in Ukraine program, Prime Minister Yuliia Svyrydenko said on June 10.

11 June, 02:27 AM

Trump’s Board of Peace members in no rush to contribute financially

The operating fund for the Board of Peace established by U.S. President Donald Trump had not received any donations months after its launch, the Financial Times reported on May 27.

27 May, 10:41 PM

Ukraine adopts procurement law expected to unlock $3.4B

Ukraine’s parliament passed a public procurement bill required under the World Bank’s Development Policy Operations program, a move expected to help unlock $3.4 billion in funding, Interfax-Ukraine reported on May 27.

27 May, 04:38 PM

IMF, World Bank warn Middle East war will drive up fuel and food prices

The war in the Middle East has driven up oil, gas and fertilizer prices, pushing fuel and food costs higher and worsening food insecurity as logistical disruptions deepen, the International Monetary Fund, the World Bank and the World Food Program said in a joint statement on April 8.

9 April, 11:31 AM

Ukraine gets $691 million World Bank grant from frozen Russian assets

Ukraine’s Finance Ministry and the World Bank signed a $690.8 million grant agreement under the PEACE project, the ministry said on Feb. 6.

7 February, 03:42 AM

Ukraine gets $40 million from World Bank for power grid repairs

The World Bank will provide up to $40 million to Ukraine’s national grid operator Ukrenergo for key equipment urgently needed to repair the damage from Russian attacks, Ukrainian Energy Minister Denys Shmyhal announced on Feb. 2.

2 February, 11:45 PM

Ukraine's foreign reserves grow nearly a third in 2025

Ukraine's foreign exchange reserves rose to $57.293 billion as of Jan. 1 compared with Dec. 1 — the highest level in independent Ukraine's history. The monthly increase was $2.544 billion, or 4.6%, the National Bank of Ukraine said in a statement.

7 January, 07:06 PM

World Bank estimates $524B needed to rebuild Ukraine

Reconstruction of Ukraine will require at least $524 billion over the next decade, the latest estimate by the World Bank showed, Danylo Hetmantsev, head of the Parliamentary Committee on Finance, Tax, and Customs policy wrote on Sept. 1.

1 September 2025, 12:05 PM

Ukraine may receive $1 billion loan from World Bank

A World Bank mission on economic policy and poverty has begun work in Kyiv, which could result in a $1 billion loan to Ukraine, the Finance Ministry said on June 3.

3 June 2025, 03:45 PM

World Bank co-finances Ukraine’s first soy concentrate plant

One of Ukraine’s largest agricultural companies, Astarta, and the International Finance Corporation (IFC, part of the World Bank Group) signed a $40 million loan agreement to build the nation’s first soy protein concentrate plant, the company announced on May 14.

14 May 2025, 09:41 PM

World Bank approves multi-million-dollar infrastructure project for Ukraine

The World Bank’s Board of Directors has approved a new $432 million support package for Ukraine, titled “Building Resilient Infrastructure in Vulnerable Environments in Ukraine (DRIVE)”, Interfax-Ukraine wrote on March 29.

31 March 2025, 12:32 PM

Russia delays Belarus’ $800M debt payments amid financial strains

The Russian State Duma has ratified two Belarus-Russia agreements delaying Belarus' repayment of Russian state loans, the Belarusian state news agency BelTA reported on March 4.

5 March 2025, 11:22 AM

Ukraine's 2025 economic growth forecast drops from 4.7% to 3.5%

The European Bank for Reconstruction and Development lowered its 2025 growth forecast for Ukraine to 3.5%, down from 4.7% in September 2024, Interfax-Ukraine reports on Feb. 27.

27 February 2025, 01:19 PM

Ukraine’s war damage bill soars to $486B and counting

Ukraine's post-war reconstruction and recovery could cost $486 billion over the next decade, up from an estimate of $411 billion a year ago, according to the Fourth Rapid Damage and Needs Assessment (RDNA4) released by the Cabinet of Ministers on Feb. 25.

25 February 2025, 01:35 PM

World Bank cuts Ukraine’s 2025 GDP forecast to 2% as war rages on

The World Bank has downgraded its 2025 GDP growth forecast for Ukraine to 2% from 6.5% in its June report but raised the 2026 forecast to 7% from 5.1%, according to its Global Economic Prospects report published on Jan. 17, 2025.

17 January 2025, 01:47 PM

U.S. and World Bank provide Ukraine with $485 million in budget support

On Dec. 27, Ukraine received $485 million from the U.S. and the World Bank as part of the Peace in Ukraine project, Prime Minister Denys Shmyhal announced on Telegram.

28 December 2024, 08:48 PM

World Bank approves $1.05B loan for Ukraine to boost economic growth and stability

The World Bank's Board of Executive Directors approved a $1.05 billion development loan for Ukraine, funded by the International Bank for Reconstruction and Development under the ADVANCE Ukraine Trust Fund, with contributions from Japan and the United Kingdom, Interfax-Ukraine reports on Dec. 19.

19 December 2024, 12:44 PM

US extends Ukraine $20 billion loan derived from Russian assets

The United States has allocated a $20 billion loan to Ukraine, funded by revenue from frozen Russian financial assets, the U.S. Department of the Treasury announced on Dec. 10.

10 December 2024, 11:38 PM

Ukraine secures $20 billion loan from U.S. under G7 aid plan

The Ukrainian government has approved the terms of a conditional agreement with the U.S. Federal Financing Bank (FFB) for a 40-year loan of up to $20 billion, as part of the previously agreed G7 initiative to allocate $50 billion to Ukraine using revenue from frozen Russian assets, according to a Cabinet of Ministers resolution dated Dec. 6.

10 December 2024, 05:38 AM

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