Ukraine will receive an additional $300M under the RISE program to support business initiatives. The Ministry of Economy and the World Bank discussed the implementation of the RISE program. Under this initiative, Ukraine signed agreements with the World Bank last year totaling $593M and has alrea... #BusinessSupport #OleksiySobolev #RISE #UkraineEconomy #UkraineRecovery #ukrainianbusiness #worldbank
Ukraine faces the risk of losing a portion of its EU funding. Analysts report that in the first quarter, Ukraine failed to meet four indicators required under the Ukraine Facility program on time. This situation may not only postpone the disbursement of the prog... #EuropeanCommission #EUtranche #SupportUkraine #UkraineFacility #worldbank
The IFC is set to invest $3B in Ukraine within the next 18 months. According to regional manager Alfonso Garcia Mora, since the full-scale Russian invasion the IFC, part of the World Bank Group, has ramped up its investment in Ukraine by nearly 300%. To date, $2.2B h... #AlfonsoGarcíaMora #ifc #investments #InvestmentsinUkraine #worldbank
Ukraine has initiated negotiations to restructure payments on its GDP warrants. A group of warrant holders has signed non-disclosure agreements and commenced limited negotiations with the Ukrainian side last week. In-person meetings are anticipated this week in Washington as part... #Creditors #DebtRestructuring #GDPwarrants #imf #UkraineBond #worldbank
The World Bank has approved $432M to restore Ukraine’s transport infrastructure. The World Bank’s Board of Directors has authorized a new $432M support package, Delivering Resilient Infrastructure in Vulnerable Environments in Ukraine (DRIVE), aimed at helping the government enhan... #RoadReconstruction #TransportInfrastructure #UkraineReconstruction #UkraineRecovery #worldbank
Since 2022, the cost of Ukraine’s post-war reconstruction has risen by 50%. The estimated cost of Ukraine’s reconstruction, which was estimated at $348.5B in June 2022, climbed to nearly $524B by December 2024. The World Bank conducted this assessment alongside the Ukra... #UkraineDamage #UkraineReconstruction #UkraineRecovery #UkraineWarDamages #worldbank
Analysts: The amount of direct US aid to Ukraine is significantly lower than what politicians claim. Over three years of full-scale war, the total financial aid that Ukraine has received from the US reaches $50.9B. Of this, $18.3B is military aid, while the remaining $32.6B consists of direct budget ... #financialaidforUkraine #USaidforUkraine #USmilitaryAid #USweapons #WarinUkraine #worldbank
Whose funds were used to rebuild Ukraine’s critical infrastructure in 2024? The restoration of critical Ukrainian infrastructure cannot keep pace with the rate of destruction. However, the proportion of fully restored facilities that had been damaged or destroyed has increase... #CriticalInfrastructure #EIB #UkraineReconstruction #UkraineRecovery #worldbank
Despite the war, Ukraine has achieved a record GDP per capita; the World Bank worsens its forecast for 2025. Ukraine’s real GDP growth in 2024 was 3.6%. “If we look at the level of GDP by the level of the available population, we have now reached a record GDP per capita,” said Deputy Minist... #GDPinUkraine #SalaryUkraine #UkraineEconomicForecast #UkraineEconomy #worldbank
New historical record: Ukraine’s international reserves have exceeded $43.78B. As reported by the National Bank, as of January 1 2025, Ukraine’s international reserves reached over $43.787B, increasing by 9.7% during December. The volume of international reserves became th... #financialaidforUkraine #imf #internationalReserves #nbu #worldbank
The Ukraine Facility provided 40% of Ukraine’s external financing for 2024’s state budget. The Ukraine Facility program provided the largest amount of external financing for the state budget in 2024 (over 40%). The total amount of funds provided by the EU amounted to €16.2B. This was made p... #Canada #financialaidforUkraine #imf #Japan #UkraineBudget2024 #UkraineFacility #worldbank
The EU and the US are channeling billions from Russian asset proceeds to help Ukraine. The European Commission has announced macro-financial assistance to Ukraine through a loan of €18.1B, which will be paid in equal installments throughout 2025 with the first tranche expected in Januar... #G7 #LoanForUkraine #RussianAssetsProfits #UkraineFacility #worldbank
Ukraine has approved the terms to receive a 40-year $20B loan secured by frozen Russian assets. The Cabinet of Ministers has approved the terms of receiving a 40-year loan of up to $20B from the American Federal Financing Bank (FFB). This is part of the previously agreed upon G7 initiative to pr... #FFB #G7 #LoanForUkraine #RussianAssetsProfits #USAID #worldbank
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 ... #eOselya #I_CAN #RISE #UkraineReconstruction #Ukrfinzhytlo #worldbank #YuliyaSvyridenko
Since the start of the full-scale invasion, Ukraine has received $105.9B in financial assistance. The budget needs for this year have been covered, the Finance Committee of Parliament reported. The EU was the largest donor with $40.54B, the US came in second with $29.78B, and the IMF also provided... #Canada #imf #Japan #SupportUkraine #UkraineBudget2024 #worldbank
Biden asks Congress for $24B to help Ukraine before he leaves office. US President Joe Biden has quietly asked lawmakers to allocate another $24B to help Ukraine and replenish stocks of previously transferred American weapons, citing a request submitted on November 25 f... #JoeBiden #MikeLee #MilitaryAidforUkraine #USAI #UScongress #worldbank
Ukraine will receive financial support from the World Bank, the EU, and Finland. Ukraine will obtain soft loans totaling over $1B from the World Bank and €150M from the EU. “Within the framework of this agreement, the money will be directed to the restoration of the port inf... #DenysShmyhal #EnvironmentalProtection #financialaidforUkraine #Finland #UkraineRecovery #worldbank
Ukraine will receive a loan of up to €50M from Finland and a $1.35B grant from the US for humanitarian and social programs. The Government of Finland will provide Ukraine a loan of up to €50M for energy, education, and infrastructure projects. The grant represents at least 35% of the total cost, allowing preferential finan... #DenysShmyhal #Finland #GrantForUkraine #LoanForUkraine #UkraineBudget2024 #UkraineReconstruction #worldbank
The NBU has improved its forecast for Ukraine’s international aid for the coming years. According to the NBU, Ukraine is expected to receive about $42B in international financing for 2024, $38B in 2025, and $25B in 2026. By the end of 2024, Ukraine will receive $4.8B under the SPUR progr... #financialaidforUkraine #G7 #nbu #SupportUkraine #UkraineBudget #worldbank
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 necessar... #EIB #investments #UkraineInvestmentFramework #UkraineRecovery #worldbank
The World Bank sees enormous opportunity in Ukraine: Subject to reforms, the private sector can finance approximately 33% of recovery. There are a considerable number of opportunities in Ukraine despite the full-scale war, said Lisa Kaestner, a senior official of the International Finance Corporation of the World Bank Group, at the K... #ifc #LisaKaestner #ReformsinUkraine #UkraineReconstruction #worldbank
The World Bank will provide almost $600M in financing for Ukrainian businesses, and USAID provides $6M to four companies to increase exports. The World Bank is starting a new $593M program to support small and medium-sized businesses in Ukraine. The financing consists of $283M from the ADVANCE Ukraine trust fund (from Japan), $300M from the... #ADVANCEukraine #DeltaFood #SuziriaGroup #USAID #UtermUkraine #worldbank
The World Bank predicts a historic oil surplus that will cause prices to fall in 2025. The World Bank predicts that in 2024-2025 global oil supply will exceed demand by an average of 1.2 million barrels per day. This surplus will likely limit the price effects from an even wider conflic... #OilDemand #OilProduction #OPEC #worldbank
Ukraine will receive the first funds from the G7 $50B loan in December; Ukraine’s goal is to confiscate all frozen Russian assets. The leaders of the G7 countries have reached a consensus on providing about $50B in loans to Ukraine, secured by revenues from frozen Russian sovereign assets. In a communique published by world finan... #G7 #LoanForUkraine #OksanaMarkarova #RussianAssetsArrested #RussianAssetsProfits #worldbank
The US agrees to provide almost $20B as part of the G7’s loan to Ukraine. According to FT, Western officials want to deliver funding to Kyiv by the end of the year, realizing that if Donald Trump wins the US elections in November, Washington’s aid to Ukraine is at ris... #G7 #imf #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #worldbank
The World Bank will create a fund that will help the US, Canada, and Japan participate in financing the promised $50B G7 loan to Ukraine for. The creation of the Financial Intermediation Fund (FIF) to assist Ukraine was supported on October 10 by all members of the international financial organization, with the exception of Russia. The fund... #FIF #G7 #LoanForUkraine #RussianAssetsProfits #SupportUkraine #worldbank
In September, Ukraine received only €10M in foreign aid. How was the budget affected? In September, Ukraine received the smallest amount of aid from its international partners since the full-scale war began, a €10M loan from the EBRD, after significant receipts in August ($8.5B). Befor... #ebrd #financialaidforUkraine #UkraineBudget2024 #UkraineBudgetDeficit #worldbank
In September, Ukraine’s international reserves decreased by 8.1% to $38.9B. As noted by the National Bank, this dynamic results from the NBU’s currency interventions to cover the structural currency deficit on the market and smooth out exchange rate fluctuations, as wel... #Creditors #financeUkraine #internationalReserves #nbu #OVDP #UkraineDebtRepayment #worldbank
Ukraine’s allies are investing tens of millions of dollars in its restoration: Here are latest contributions. In 2024, the Norwegian government plans to allocate about $23.6M (NRK 250M) to investments in Ukraine. Capital provided through Norfund will reduce risks for companies investing in Ukraine, particular... #EIB #ifc #investments #KfW #Norway #UkraineReconstruction #worldbank
The head of the British Foreign Ministry in Kyiv announces an aid package worth £600M. In particular, the UK will provide £242M in 2024-2025 for urgent humanitarian, energy, and stabilization needs and support for reforms, recovery, and reconstruction. This year’s funding includes... #DavidLammy #GreatBritain #HumanitarianAid #SupportUkraine #worldbank
At the request of the World Bank, Ukraine changed the conditions for the sale of state-owned banks: The state’s share in the sector must decrease. The Parliament of Ukraine adopted a draft law on the peculiarities of the sale of state-owned shares in the authorized capital of banks. The draft law modifies the rules for the sale of state banks, a... #ReformsinUkraine #UkraineStateBanks #UkrainianBanks #worldbank
Ukraine will soon receive the first tranche of direct budget support from the US; another $3.9B will arrive by the end of the year. The State Budget of Ukraine will receive a grant from the US totaling almost $3.9B after representatives from the Ministry of Finance of Ukraine and the World Bank signed a corresponding agreement. Th... #PEACEproject #SupportUkraine #UkraineBudget2024 #worldbank
The Ministry of Finance has updated the Reform Matrix; Ukraine has already fulfilled 108 indicators in the year’s first half. The Ministry of Finance has updated the Reform Matrix, an analytical tool used to monitor the fulfillment of the requirements of international partners in real-time. In the updated Reform Matrix, ther... #imf #ReformMatrix #ReformsinUkraine #UkraineFacility #worldbank
The World Bank will finance Ukraine’s private sector with $1B through 2027. Deputy Minister of Economy Oleksiy Sobolev noted that over the past 1.5 years, the scope of joint work between the Ministry and the World Bank has grown significantly in many areas. Among other things... #AffordableLoans #eRobota #GrantsforUkraine #OleksiySobolev #RISE #VolodymyrKuzyo #worldbank
Due to debt repayment, Ukraine’s international reserves decreased by 2.9% to $37.9B. As noted by the National Bank, June’s dynamics were caused by the NBU’s currency interventions to cover the market’s currency deficit and smooth out exchange rate fluctuations and th... #CurrencyMarket #internationalReserves #nbu #ukrainedebt #UkraineDebtRepayment #UkraineFacility #worldbank
The war has helped Russia move up in the ranks of countries with a high-income level. For two years, the Russian economy ignored the sanctions levied against it and grew steadily, which has led the World Bank to raise the Russian Federation’s income level rating from an “ab... #GDPrussia #RussianEconomy #WarinUkraine #worldbank #WorldBankForecast
The World Bank moved Ukraine to the category of countries with higher-than-average incomes. The country’s income is estimated by the World Bank at $5,070 per capita. The World Bank generally divides the world’s economies into four income groups: low, lower than average, higher th... #GDPinUkraine #GNIukraine #UkraineEconomicForecast #UkraineEconomy #worldbank
The World Bank maintains Ukraine’s economic growth forecast for the current year and provides $109M in grant funding. The World Bank predicts the growth of the Ukrainian economy to be 3.2% in 2024, according to the bank’s June report, Global Economic Prospects 2024. In January, the forecast was identical. The b... #GrantsforUkraine #HOPEproject #REPowerEU #UkraineEconomicForecast #UkraineEconomy #worldbank
The World Bank has provided Ukraine with $34B in direct budget support and will help modernize its housing policy according to EU standards. According to the Ministry of Finance, since the beginning of the full-scale invasion $34B in direct budget support has been obtained within the framework of World Bank mechanisms. In 2022-2023, five n... #HousingModernization #SupportUkraine #UkraineBudget2024 #UkraineRecovery #worldbank
The Cabinet of Ministers of Ukraine approved a change plan with 200 reforms for 2024. The Cabinet of Ministers approved the Reform Matrix, a change plan that includes officially approved recommendations from international partners. The matrix was created with the assistance of the Worl... #ReforminUkraine #UkraineEconomy #UkraineFacility #UkraineRecovery #worldbank
World Bank: Almost a third of Ukrainians live in poverty. The number of Ukrainians living in poverty has increased by 1.8 million since 2020, accounting for about 29% of the population, as the Russian invasion continues to damage the country’s economy.... #FoodSecurity #InflationinUkraine #PovertyInUkraine #UkraineEconomy #UkrainePopulation #UkrainiansIncome #worldbank
The G7 supports the plan to use Russian assets for Ukraine’s future security, and the World Bank is ready to manage the loan. The G7 finance ministers at a meeting in Italy supported the US’ idea to provide Ukraine with a loan secured by profits from frozen Russian assets. The $50B loan will be repaid through the profits fro... #AjayBanga #G7 #Hungary #LoansForUkraine #RussianAssets #RussianCentralBank #worldbank
How big is the national debt, and how much do Ukrainians owe? According to the Ministry of Finance data, the state’s and state-guaranteed debt as of April 1, 2024, amounts to ₴5.9T ($149B). Since 2020, this amount has increased significantly, mostly due to the f... #ebrd #EIB #ExternalDebt #imf #ukrainedebt #UkraineDebtRepayment #UkraineEconomy #worldbank
Global wheat prices dropped by 25%, and increased supply will continue to drive this trend. According to the World Bank, global wheat and corn prices fell to three-year lows in the first quarter of 2024. As a result, global prices for corn and wheat decreased compared to the previous quarter... #CornHarvest #Farmers #GlobalFoodSecurity #GrainHarvest #worldbank #WorldWheatPrices
How will Ukraine’s partners help it close the hole in its budget this year? According to the Ukrainian government, the need for international financing in 2024 is $37.2B. As of April 20, Ukraine has received $10.2B: $4.9B from the EU (Ukraine Facility) $2.1B from Japan... #financialaidforUkraine #imf #SupportUkraine #UkraineBudget2024 #UkraineBudgetDeficit #UkraineFacility #worldbank
World Bank: The Ukrainian economy has reached a turning point. The World Bank offered its assessment in its regional Economic Review, as concerns about the timing and volume of future aid payments to Ukraine are growing. The World Bank predicts that Ukraine’... #GDPinUkraine #InvestmentsinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomicForecast #UkraineEconomy #worldbank
Ukraine increases its international reserves to a new record. Ukraine’s international reserves grew by 18% in March and amounted to $43.8B on April 1, the National Bank reported. The regulator explained that the increase is due to the volume of income from... #CurrencyMarket #imf #NationalBankReserves #nbu #UkraineBudget2024 #UkraineFacility #worldbank
The IMF plans to discuss Ukraine at the spring meetings with the WB. The top manager of the IMF, Julie Kozack, said: “We will discuss during the spring meetings on April 15 (between the IMF and the World Bank) the situation in Ukraine and the critical importance of the... #DebtRestructuring #imf #JulieKozack #RussianAssets #RussianAssetsConfiscation #ukrainedebt #worldbank
Ukraine’s national debt increased by 54% during the first two years of the war. From February 2022 to February 2024, Ukraine’s state debt increased by $50.4B. To reduce debt pressure on the state budget, Ukraine has worked to attract loans on preferential terms. For example, the ... #DebtRestructuring #imf #UkraineBudget2024 #ukrainedebt #worldbank
How Ukraine’s budget was funded in March: $9B in external financing and $4B in taxes and fees. In March, the state budget’s general fund received ₴158.1B (over $4B) in taxes, fees, and mandatory payments. About ₴105.7B was received from taxes and ₴45.8B from the State Customs Service, but... #financialaidforUkraine #GrantForUkraine #imf #UkraineBudget2024 #worldbank
