The World Bank will continue to finance Ukraine’s reconstruction in 2025.

Monday, December 9, 2024
The World Bank will continue to finance Ukraine’s reconstruction in 2025.

Ukraine and the World Bank plan to continue their cooperation in 2025 and to further fund the RISE entrepreneurship support program, housing sector instruments, and mortgage programs, support Ukraine in long-term economic modeling, and launch the I_Can regional development program. Under the RISE program, $250M will be paid by the end of this year.

“Next year, we expect to attract additional funds. The RISE program will support up to 20,000 small and medium-sized enterprises and will contribute to the creation of more than 40,000 jobs through state business support programs,” said Minister of Economy Yulia Svyrydenko.

Ukraine is also working on the development of an optimal financial model for social housing and a rent-to-buy approach.

During the first half of 2025, it is planned to develop an updated strategy for Ukrfinzhytlo, the company that administers the eOselya preferential mortgage program.

A quick start for the I_CAN project, aimed at stimulating regional development, is also expected. This will contribute to attracting investment to communities, restoring affected regions, and persuading residents to return.

 

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