The World Bank will provide Ukraine over $2B, and the EIB will strengthen recovery support.

The World Bank will provide $750M to Ukraine within the Support for Reconstruction through Smart Fiscal Management (SURGE) project framework, which supports the institutional reforms that are necessary in order to the EU. Reforms within the project will improve the efficiency of public investment and public finance management.

At the same time, the Ministry of Finance and the World Bank signed a grant agreement to attract about $1.37B within the framework of the PEACE in Ukraine project to finance social and humanitarian expenditures. In the coming days, Ukraine will receive a $1.35B grant from the US and €10.8M from the donor-funded trust fund.

Representatives from the President’s office and the EIB discussed strengthening cooperation, particularly investment in critical infrastructure, financing projects for the country’s economic recovery, strengthening energy security, and rebuilding the transport and logistics infrastructure that connects Ukraine with the EU.

The Ministry of Economy and the EIB discussed implementing recovery projects worth €2B within the Ukraine Investment Framework.