World Bank

World Bank approves $4.8B for Ukraine under PEACE project, says PM Shmyhal

Ukraine will receive $4.8 billion from the World Bank under the PEACE project, Prime Minister Denys Shmyhal announced on X on Nov. 22.

22 November 2024, 01:55 PM

Ukraine to receive $1.37 billion grant from World Bank

Ukraine will receive a grant of approximately $1.37 billion as part of the World Bank's PEACE in Ukraine project, to be made available for government expenditures in the coming days, Ukraine’s Finance Ministry announced on Nov. 8.

9 November 2024, 05:40 PM

Ukraine secures $750M World Bank aid for EU accession reforms

The World Bank announced a $750 million package under the SURGE project for Ukraine to support institutional reforms necessary for the European Union accession, Prime Minister Denys Shmyhal reported on Telegram on Nov. 8.

8 November 2024, 08:51 AM

Kyiv, World Bank sign $600 million deal to stimulate Ukrainian economy

Ukraine and the World Bank have signed agreements that would direct nearly $600 million towards supporting the Ukrainian private sector, Prime Minister Denys Shmyhal announced on Nov. 4.

4 November 2024, 09:37 PM

World Bank slashes Ukraine's 2025 growth forecast to 2% as war continues

The World Bank reaffirmed its 3.2% GDP growth forecast for Ukraine in 2024, but sharply downgraded it from 6.5% to 2% for next year in its Oct.17 Europe and Central Asia (ECA) Economic Update, the Interfax-Ukraine news agency reported.

18 October 2024, 10:04 AM

US, Japan, Canada to contribute to World Bank fund supporting Ukraine

The World Bank's executive board approved the creation of a financial intermediary fund (FIF) to support Ukraine on Thursday, Oct. 10. Contributions are expected from the United States, Canada, and Japan, according to Reuters, citing three sources familiar with the decision.

11 October 2024, 01:28 PM

Moldova to receive loan from Canada to support Ukrainian refugees

Canada will provide the Moldovan government with a low interest loan of CAD 120 million ($88 million) to help house Ukrainian refugees, Canadian Foreign Minister Mélanie Joly announced on Sept. 17.

17 September 2024, 11:49 PM

Ukraine's state budget receives nearly $4 billion in U.S. aid – Finance Ministry

The first tranche of $3.9 billion in direct financial support from the United States for 2024 has been transferred to the state budget, the Ukrainian Finance Ministry reported in a press release on August 5.

5 August 2024, 02:22 PM

Ukraine secures $3.9 billion in US budget support for 2024, first tranche signed

Ukraine’s Finance Minister Serhiy Marchenko and the World Bank's Regional Country Director Bob Saum signed an agreement for "the first tranche in direct budget support from the US in 2024,” the Ministry’s website said on Aug. 1.

1 August 2024, 02:40 PM

IMF maintains 2024 GDP growth forecast, warns of inflation risks

The International Monetary Fund has reaffirmed its forecast of global GDP growth at 3.2% for 2024, highlighting increased risks of inflation that could prolong high interest rates, IMF Chief Economist Pierre-Olivier Gourinchas said during the presentation of the updated World Economic Outlook (WEO), Ukrinform reported on July 16.

17 July 2024, 12:55 PM

Russia drops from top ten largest economies worldwide

Amidst a decline in the ruble’s value, Russia has fallen out of the top ten largest economies globally, slipping from 8th to 11th place, according to a World Bank report released on July 4, with Italy, Brazil, and Canada surpassing its growth rates last year.

4 July 2024, 02:24 PM

Ukraine reaches upper-middle-income status, World Bank reports

For the first time in its history, Ukraine has been classified as an upper-middle-income country by the World Bank, according to its Data Blog published on July 1.

2 July 2024, 02:40 PM

World Bank taps new head of Kyiv office

The World Bank has appointed Bob Saum as the Regional Director for Eastern Europe. Based in Kyiv, he will oversee the bank’s programs in Ukraine and Moldova starting July 1.

1 July 2024, 10:04 PM

Frozen Russian assets may help Ukraine wage war four more years - Reuters

Confiscation of Russian assets abroad worth about $320 billion will help finance Ukraine's defense until the end of 2028, Reuters reported on April 29.

29 April 2024, 01:29 PM

Kharkiv exposes $4 million misappropriation scheme for critical infrastructure restoration

The National Anti-Corruption Bureau, in collaboration with the Specialized Anti-Corruption Prosecutor's Office, uncovered an organized group accused of misappropriating funds earmarked for the restoration of critical infrastructure in Kharkiv, the NABU reported on April 11.

11 April 2024, 04:55 PM

World Bank approves $1.5 billion USD allocation to Ukraine

The World Bank’s Board of Directors approved the decision to allocate 1.5 billion dollars to Ukraine as Growth Foundations Development Policy Loan (DPL), Ukrainian Prime Minister Denys Shmyhal reported on March 26.

27 March 2024, 10:42 AM

Zelenskyy signs law unlocking World Bank’s $1.5 billion development loan to Ukraine

Ukrainian President Volodymyr Zelenskyy has officially signed a law that strengthens the National Securities and Stock Market Commission (NSSMC), according to Ukraine parliament's web-site.

25 March 2024, 03:01 PM

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