World Bank

Ukraine and South Korea sign a framework agreement that will allow Ukraine to receive up to $2. 1 billion in loans from the South Korean Fund for Economic Development and Cooperation to implement priority projects in 2024-2029.

President Zelenskyy called on European partners to increase the production and supply of weapons to Ukraine to strengthen its defense against Russian aggression, emphasizing the need for determination and financial support for Ukraine's defense, recovery and social stability.

During his visit to the IMF and World Bank spring meetings, Prime Minister Denys Shmyhal met with U. S. Special Representative Penny Pritzker to discuss attracting American investment, financial support, confiscation of Russian assets, the situation in the energy sector, and strengthening Ukraine's air defense.

Ukraine's Finance Minister met with U. S. officials to discuss Ukraine's estimated $37.2 billion state budget needs for 2024, the use of confiscated Russian assets to rebuild Ukraine, and assistance in restoring critical infrastructure damaged by Russian attacks.

This week's meetings of the IMF and the World Bank are to discuss unblocking frozen Russian assets to support Ukraine's resistance and long-term recovery.

The US has offered to raise tens of billions of euros of debt for Ukraine against future profits from frozen Russian state assets, while the EU prefers to transfer only the interest earned on these assets.

The organized group embezzled almost 160 million hryvnias intended for the restoration of Kharkiv's critical infrastructure, including World Bank funds, by inflating the prices of contracts through shell companies.

Switzerland is pledging 5 billion Swiss francs (more than 5 billion euros) for Ukraine's reconstruction until 2036, sending a strong signal of solidarity with the victims and contributing to stability across Europe.

Ukraine's international reserves rose to $43. 8 billion in early April, up 18% over the month, thanks to significant inflows from international partners of over $9 billion, which exceeded debt repayments and foreign currency sales.

Ukraine has received $118 million in grants from Japan under the World Bank's HEAL and HOPE projects to support the state budget, health care system, and housing repairs.

In March this year, Ukraine will receive record budgetary funding from our allies for the entire duration of the war and the entire history of independence. We are talking about more than $9 billion.

In the Zaporizhzhia region, military and civilian engineers are working in three shifts to build fortifications to protect residents and the vast front line, despite Russia's attempts to hinder construction.

Ukraine has received a $1. 5 billion loan from Japan and the United Kingdom through the World Bank to support key state budget priorities in the face of full-scale Russian aggression.

Over the past five years, there has been a trend of women opening more sole proprietorships than men. In 2022, due to the full-scale war in the country, the number of new sole proprietorships decreased significantly, but women remained more active in this area.

Ukraine will receive a €100 million loan from the Council of Europe Development Bank to compensate for property destroyed during the Russian invasion by issuing housing certificates to more than 2,000 recipients.

The World Bank has approved a $1. 5 billion loan to Ukraine to help restore the economy, finance priority social and humanitarian expenditures, and implement reforms aimed at European integration and economic growth.

Ukraine is considering the possibility of introducing a special tax on Russian resources, such as oil, gas and diamonds, after the victory to cover the damage caused by the aggressor, but no concrete decisions have been made yet, as the focus is currently on seizing Russian sovereign assets, gold and foreign exchange reserves.

Ukraine received 12 modular bridge systems worth more than $15 million from the World Bank to replace bridges destroyed during the fighting.

The EU finance ministers unanimously supported the candidacy of Kristalina Georgieva for a second five-year term as head of the International Monetary Fund.

Kristalina Georgieva, the current IMF Managing Director, is interested in securing a second five-year term and has received the support of France, which is a crucial factor for her re-election.

Ukraine has a clear plan of action and first results in accessing frozen Russian assets worth about €300 billion to finance the costs of recovery.

The U. S. Department of State and the German Marshall Fund of the United States have announced the creation of the Ukraine Cities Partnership, a new public-private initiative to help redevelop and rebuild sustainable, inclusive, and resilient Ukrainian cities.

The Cabinet of Ministers of Ukraine has adopted a resolution allowing Ukraine to receive a USD 1. 5 billion loan from the International Bank for Reconstruction and Development.

How did the Ukrainian energy sector fare during the second winter of the war and what's next?.

Belgium received €1. 7 billion in profits from russian assets and will use the funds to support Ukrainian refugees and defense needs.

Prime Minister Denys Shmyhal says Ukraine needs at least $37 billion in foreign aid.

In the first two months of 2024, Ukraine received $1. 2 billion in grants and concessional financing from international partners such as Japan, Norway, and Spain, with most of the funds going to social spending through World Bank projects.

According to Prime Minister Denys Shmyhal, Ukraine's cultural and tourism sectors have lost more than $19. 6 billion due to the war.

The Belgian development agency ENABEL launches a large-scale cooperation with Ukraine to restore critical and social infrastructure by raising $150 million from frozen Russian assets in Belgium.

According to Ukraine's Finance Minister Sergii Marchenko, Ukraine's monthly need for external financing in 2024 will reach about UAH 3 billion.