World Bank

Joe Biden announced a three-year commitment of $4 billion to the World Bank's International Development Association. The funds will be used to provide low-interest loans and grants to the world's poorest countries.

The Ukrainian government is attracting a concessional loan from the World Bank worth more than $1 billion, with support from Japan and Britain. The EU will allocate an additional €150 million for port restoration and other projects.

The Prime Minister of Ukraine meets with the IMF mission led by Gavin Gray in Kyiv. Ukraine expects to receive a tranche of USD 1.1 bn in late December after fulfilling all structural benchmarks.

The NBU has set the official hryvnia exchange rate at UAH 41. 2982 to the dollar and UAH 43.99 to the euro. In exchange offices and banks, the rates fluctuate: USD 41.60-41.70, EUR 44.50-44.89.

The NBU has set the official hryvnia exchange rate at 41. 29 UAH/USD, which is 6 kopecks stronger. The euro is set at 44.48 UAH/euro, and the dollar is trading at 41.20-41.23 UAH on the interbank market.

The World Bank will provide Ukraine with a grant of $1. 35 billion and €10.8 million under the PEACE in Ukraine project. The funds will be used for social and humanitarian needs of the state budget.

The NBU has set the official hryvnia exchange rate at 41. 36 UAH/USD, which is 10 kopecks stronger. In exchange offices and banks, the dollar is trading at UAH 41.20-41.70, while the euro is at UAH 44.30-45.10.

The World Bank will provide Ukraine with $750 million under the SURGE project to support institutional reforms. The funds will be used to strengthen state institutions and improve public financial management.

In October 2024, Ukraine's international reserves decreased by 6% to $36. 6 billion due to the NBU's foreign exchange interventions and debt repayments. The NBU expects the reserves to grow to $43.6 billion by the end of the year.

German Foreign Minister Annalena Burbock announced additional humanitarian aid to Ukraine in the amount of 200 million euros. The funds will be used to provide heating and generators for the winter period.

Ukraine has signed agreements with the World Bank for $600 million under the RISE program to support business. The project will run until 2027 with a total budget of over $1 billion.

USAID CEP is launching an employment support program for youth, veterans, women, people with disabilities and IDPs. The project includes 8 components of $230 thousand each and will run from November 2024 to June 2025.

The incumbent President of Moldova, Maia Sandu, has announced her victory in the presidential election, garnering 54% of the vote. Sandu promises to push the country toward the EU despite Russia's opposition.

The World Bank launches a $593 million program to support Ukraine's private sector. The program will help 20,000 SMEs and save 40,000 jobs.

Japan has agreed to allocate 471. 9 billion yen to Ukraine through a World Bank fund. The funds are part of a $50 billion G7 loan secured by frozen Russian assets.

Russia presented the BRICS Bridge project as an alternative to SWIFT at the Kazan summit. China, India, and other BRICS countries show little practical interest amid the risk of secondary U.S. sanctions.

The BRICS summit in Kazan brought together world leaders, including Xi Jinping and Modi. Russia is seeking to form an alliance of developing countries to counter Western dominance.

The US may provide Ukraine with up to $20 billion from the proceeds of frozen Russian assets. The G7 countries are negotiating the structure of a $50 billion loan agreed in June 2024.

The President of Ukraine has signed a law amending the Customs Code to implement EU regulations. The law provides for the introduction of the European model of customs representation and expansion of opportunities for AEOs.

The President of Ukraine has signed a law expanding the possibilities of privatizing state-owned banks. The document is aimed at reducing the state's presence in the banking market and updates the rules for selling banks.

Zelenskyy signed a law on rebooting customs. It provides for an annual external audit and salary increases for employees.

The island nation of Sri Lanka has announced its application to join the BRICS. The application will be officially submitted during the BRICS summit in Kazan on October 23-24.

The World Bank Board of Directors has approved the establishment of a $10 billion special financial trust fund for Ukraine. The funds will be used to support the budget and critical recovery needs.

The World Bank Board of Directors has approved the establishment of a Financial Intermediary Fund for Ukraine. The Fund will receive funds from the United States, Japan, and Canada.

The Prime Minister of Ukraine held an online meeting with the Managing Director of the World Bank. The parties discussed damage assessment, recovery priorities and reforms, in particular, housing market reform.

The Cabinet of Ministers has approved the composition of a six-member competition commission to select the director of the Bureau of Economic Security. Three members of the commission are from the government and three are from international partners.

Ukraine plans to create a €16 billion investment fund to support communities and businesses affected by the war. The fund will be part of the Ukraine Facility program and will be financed by international financial institutions.

U. S. Deputy Treasury Secretary Brent Nieman criticized the IMF's work. He called for more transparency, tougher analysis, and changes in the voting of the Fund's shareholders.

The law is a condition for receiving funding from the World Bank.

The criminal case against Oleksandr Zyma, the NBU's chief lawyer, may negatively affect cooperation with the IMF. Experts call for personnel changes to restore the trust of international partners.