World Bank
World Bank allocates $750 million to Ukraine: what will the funds be used for
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.
Ukraine's international reserves have fallen to $36.6 billion: what's going on?
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.
Germany will provide Ukraine with an additional 200 million euros in humanitarian aid
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 will receive $600 million from the World Bank: what will the funds be used for?
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 will allocate $1.8 million for employment of Ukrainians: who will be helped
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.
Maia Sandu announces her victory in the presidential elections in Moldova
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.
World Bank has allocated almost $600 million for the development of Ukrainian business: what will it bring
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 to provide Ukraine with $3 billion loan from G7 using its natural resources
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.
Putin’s alternative to dollar fails to excite Brics partners - FT
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.
At the BRICS summit, Putin tries to prove that there is an “alternative to Western hegemony” - media
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 is ready to allocate $20 billion to Ukraine as part of the G7 loan
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.
President signs law on introduction of EU norms to the Customs Code of Ukraine: what will change
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.
Zelensky signs law on privatization of state-owned banks: what will change
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.
The President signed the law on customs reform: what is expected
Zelenskyy signed a law on rebooting customs. It provides for an annual external audit and salary increases for employees.
Sri Lanka has applied to join the BRICS
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.
A trust fund for Ukraine from the World Bank for at least 10 billion: Shmyhal tells where the funds will be directed
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.
World Bank creates new fund for Ukraine with support from the US, Japan and Canada - Reuters
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.
Shmyhal discussed with the World Bank Director the need to develop an updated assessment of Ukraine's recovery needs
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.
BES reboot: government approves commission to elect new BES director
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 an investment fund worth EUR 16 billion under the Ukraine Facility
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.
The US Treasury Department criticizes the IMF and proposes changes in the organization's approaches
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.
President signs law on restoration of medium-term planning of local budgets
The law is a condition for receiving funding from the World Bank.
Reputational Risks at the National Bank: How the Case of the Chief Legal Officer Affects International Cooperation
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.
Rada adopts law on peculiarities of privatization of state-owned banks: what it provides for
The Verkhovna Rada has adopted a draft law on the privatization of state-owned banks. The law expands the range of investors, allows the sale of any state share and updates the rules for holding an auction.
Reuters: U.S. suspects China may be supplying Russian uranium to circumvent sanctions
The United States has seen a sharp increase in enriched uranium imports from China since the end of 2023. It is suspected that China is helping Russia to circumvent sanctions by supplying Russian uranium under the guise of Chinese uranium.
The Cabinet of Ministers is preparing a new draft law on public procurement: MP tells what the document envisages
The government plans to submit a new draft law on public procurement to the Rada with a number of important changes. New deadlines, a ban on procurement from certain countries, simplified procedures and other innovations are proposed.
Since the beginning of Russia's full-scale invasion, Ukraine has attracted $98.7 billion in external financing
The Ministry of Finance reported $98. 7 billion in direct budget support from donors since February 2022. The funds are allocated for social, humanitarian and priority non-military budget expenditures.
Kuleba meets with Foreign Minister of Mauritius: discusses attracting investments for Ukraine's recovery
Minister Kuleba made his first ever visit to Mauritius. They discussed support for Ukraine, the Peace Formula and prospects for economic cooperation between the two countries.
Aid is under threat. Who may cause Ukraine to lose IMF funding
The IMF requires an open competition for the position of the DGF director, but the authorities can appoint the head in a closed mode. Experts warn that ignoring the IMF's requirements could lead to the loss of critical financial assistance.
Shelters and warning systems: how full-scale war has changed approaches to school construction and the organization of the educational process
The war has changed the requirements for school construction in Ukraine. The new facilities are equipped with shelters, warning systems and enhanced fire safety, allowing students to return to full-time education.