World Bank

EU ambassador to Ukraine Katarina Maternova held her first meeting with Ukrainian officials, including Prime Minister Denys Shmyhal, to discuss Ukraine's priorities, urgent energy needs in connection with Russia's attacks, as well as reforms related to the IMF program, EU funds and anti-corruption efforts.

Norway allocates NOK 75 billion (approximately EUR 6. 4 billion as of May 2024) to Ukraine for 2023-2027.

Due to Russian missile strikes destroying critical infrastructure, especially in the energy sector, the National Bank of Ukraine lowered its forecast for Ukraine's economic growth in 2024 to 3%.

The head of the National Bank of Ukraine proposed an innovative mechanism of "reparation credit", in which Ukraine will receive long-term loans from partners with collateral in the form of claims of Ukraine for damages from Russia and guarantees from frozen Russian reserves, which will be used in the event of Russia's refusal to pay reparations.

Lithuania allocates 5 million euros for the reconstruction of destroyed schools and kindergartens in Ukraine, including the construction of bomb shelters.

World Bank President Ajay Banga expressed his readiness to manage a G7 loan fund for Ukraine secured by frozen Russian assets for non-military purposes, using the World Bank's experience in managing similar donor funds.

A number of state-owned companies have announced their intentions to go through corporatization, which is expected to attract billions of hryvnias in investment and open up new opportunities through corporate governance.

The Verkhovna Rada proposes to introduce a "childlessness tax" for Ukrainians aged 21 to 58 who have fewer than three children in order to improve the demographic situation and support families with children.

Despite the power outages, Ukrainian citizens will have access to medical, social and public services as the government ensures energy autonomy for critical institutions through generators and solar power plants.

Since the beginning of the year, 6,724 agricultural enterprises have received UAH 43. 2 billion in bank loans for development, of which 3,980 farms have been financed for UAH 18.3 billion under the government program "Affordable Loans 5-7-9%".

The situation in the foreign exchange market is now under control, and Ukraine has successfully transitioned to a managed floating exchange rate regime without shocks, NBU Governor Andriy Pyshny said. The uncertainty that exists, according to the head of the National Bank, is related to security risks, and the war is a key factor that generates risks.

Ukraine needs the legal basis and political will to access $300 billion in frozen Russian assets to finance its defense and recovery from the Russian invasion.

According to the WHO Director-General, the world is still not ready for another pandemic, but work is underway on a global agreement on pandemics, which could be signed as early as next month.

Parliament failed to pass the law on the funded pension system in the first reading due to insufficient votes, and its future prospects are uncertain given the need for IMF and World Bank approval, as well as demographic uncertainty caused by the war.

Parliament rejected laws on rail transport, clearing the way for the adoption of a new law that is a prerequisite for the World Bank's loan program for Ukraine.

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.