World Bank

Ukraine has received $760 million in grants from Japan and Norway under the World Bank's PEACE project.

The U. S. Treasury Secretary has called on G20 financial leaders to find a way to transfer $300 billion worth of frozen Russian assets to Ukraine to strengthen its defense and rebuild after the war.

Ukraine's Foreign Minister Dmytro Kuleba claims that frozen Russian assets in Western countries could cover a significant portion of the costs of rebuilding and defending Ukraine from Russian invasion.

The Verkhovna Rada passed a draft law on corporate governance reform of state-owned enterprises, fulfilling an important condition for Ukraine's European integration commitments.

The Verkhovna Rada passed a draft law on reforming the capital market and the Securities Commission of Ukraine.

Most of Ukraine's public debt consists of long-term concessional loans from international partners. According to the Ministry of Finance, 10 countries provided grant assistance to Ukraine, namely: The United States, Japan, Norway, Germany, Spain, Finland, Switzerland, Ireland, Belgium, and Iceland.

Japan is expected to provide Ukraine with an additional $1. 8 billion in budgetary aid in the first quarter of 2022, reports Ukraine's Finance Ministry.

Japan provides Ukraine with a $49. 4 million grant to rebuild housing infrastructure destroyed by Russia.

The Prime Minister of Ukraine announced that the government is working weekly with partners to attract USD 37 billion in external financing to cover the state budget deficit.

According to the Ministry of Economy, Ukraine's private sector needs $5. 8 billion in investments in 2024 to restore industry and trade damaged by the war.

As of the end of 2023, Ukraine's losses from the war amounted to almost $499 billion, with sectors such as trade and industry, agriculture, energy, and transportation suffering the most.

The parliamentarians discussed with IMF representatives the attraction of international assistance in the amount of $37 billion and more than 400 billion hryvnias for Ukraine's military campaign.

The Ukrainian government discussed with the German delegation joint regional recovery projects with German investors, as well as the priorities and agenda of the 2024 Ukraine Recovery Conference in Berlin.

A World Bank report estimates the total cost of reconstruction and recovery in Ukraine over the next ten years as a result of a full-scale Russian invasion at $486 billion.

Minister of Finance of Ukraine Sergii Marchenko met with US Ambassador Bridget Brink and USAID Director Jim Hope to discuss the economic situation in Ukraine and express gratitude for the US financial support.

The Verkhovna Rada has not yet passed any of the three bills necessary for Ukraine to receive another package of financial support from the World Bank in the amount of $1-1. 4 billion.

The Prime Minister of Ukraine announces that a government delegation will visit Tokyo in February to participate in a Japan-Ukraine conference on recovery and economic growth.

The Prime Minister of Ukraine and a business delegation will meet with the Japanese government on February 19-20 to sign agreements in the fields of industry, energy, agriculture, and transportation that will help Ukraine's recovery.

Prime Minister of Ukraine Denys Shmyhal today met with a delegation of Inspectors General from the Department of State, Department of Defense and the U. S. Agency for International Development.