World Bank


If you have less than three children, pay up: the Verkhovna Rada proposes to introduce a "childlessness tax"
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.

There are generators and solar panels: Shmygal assured that the hospitals and TsNPy will work
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, agrarians have received UAH 43 billion for the development of farms - Ministry of Agrarian Policy
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 on the foreign exchange market is under control, risks associated with the war - Pyshnyi
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.

Access to Russian assets requires legal grounds and political will - Pyshnyi
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.

WHO warns that the world is still not ready for the next pandemic
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 rejects bill on funded pensions
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.

MP: Parliament has paved the way for a new law on Ukrzaliznytsia, which is necessary for cooperation with the World Bank
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 to attract up to USD 2.1 billion in loans from South Korea - Ministry of Finance
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.

Zelensky addresses the European Council and calls for determination in strengthening common security
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.

Shmyhal meets with US Special Representative Pritzker to discuss air defense strengthening and financial support
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.

Minister of Finance of Ukraine met with representatives of the US government and the White House to discuss the state budget and the use of Russian assets
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.

IMF and World Bank to discuss the use of frozen Russian assets to help Ukraine
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.

FT learns details of US idea to finance Ukraine with profits from frozen Russian assets
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.

Embezzlement of UAH 160 million in Kharkiv reconstruction: organized group exposed
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 allocates more than 5 billion euros for Ukraine's recovery by 2036
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 increased significantly over the month to $43.8 billion: NBU explains by financing from partners
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 receives $118 million from Japan for healthcare and recovery
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.

Ukraine received $1.5 billion from the World Bank - Shmyhal
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.

Fortification is being built on a large scale, fortifications will protect not only Zaporizhzhia residents - Fedorov
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 receives $1.5 billion from the World Bank - Ministry of Finance
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.

57% of the total number of new sole proprietorships opened by women: which areas are most popular
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 Bank of the Council of Europe as part of the compensation for destroyed property project
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.

World Bank approves $1.5 billion loan to Ukraine to support development policy
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.

Malyuska on the idea of a special tax on gas and oil in Russia: this is only the beginning of the discussion
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 receives 12 modular bridges from the World Bank
Ukraine received 12 modular bridge systems worth more than $15 million from the World Bank to replace bridges destroyed during the fighting.

The European Union unanimously supported Georgieva's candidacy for a second term as IMF chief
The EU finance ministers unanimously supported the candidacy of Kristalina Georgieva for a second five-year term as head of the International Monetary Fund.

Georgieva may stay on for second five-year term as IMF chief - Reuters
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.

Shmygal on access to frozen assets of the Russian Federation: "We have a clear action plan and first results"
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. State Department and the Marshall Fund will work on the restoration of Ukrainian cities
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.