World Bank
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.
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.