worldbank

Friday, September 15

Ukraine is preparing to attract a $1.25B grant from the United States.

Ukraine is preparing to attract a $1.25B grant from the United States. As part of the World Bank’s PEACE in Ukraine public expenditure support project, the state’s budget will receive a $1.25B grant from the US. As noted by the Ministry of Finance, the funds ...

Monday, September 11

Ukraine and the WB reviewed the project portfolio for the first time since 2021.

Ukraine and the WB reviewed the project portfolio for the first time since 2021. The volume of the joint project portfolio with the World Bank is currently the largest it has been over all the years of cooperation. As the Ministry of Finance specified, it consists of 20 existing p...

Friday, September 1

Ukrainians will receive $232M from the World Bank for urgent home repairs.

Ukrainians will receive $232M from the World Bank for urgent home repairs. These funds will reimburse the costs of repairs for 98,000 individual houses and 8,000 families in 160 apartment buildings from five regions that were affected by the Russian Federation’s invasi...

Monday, July 24

The World Bank is considering a $1.5B investment in Ukraine’s economy.

The World Bank is considering a $1.5B investment in Ukraine’s economy. The World Bank’s private investment arm is considering investing $1.5B in several sectors of Ukraine’s economy, including banking, agriculture, and infrastructure, said a senior Internatio...

Friday, June 16

The World Bank’s fund has already collected $920M for Ukraine.

The World Bank’s fund has already collected $920M for Ukraine. The Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF) has already accumulated $920M and received new contributions from the governments of Iceland ($3.6M), Latvia (€2M), and the Ne...

Friday, June 9

The World Bank will assess Ukraine’s losses from the Kakhovka HPP disaster.

The World Bank will assess Ukraine’s losses from the Kakhovka HPP disaster. The bank will calculate Ukraine’s needs for the restoration of the hydroelectric plant, said the vice-president of the WB, Anna Bjerde. The analysis will be based on the Rapid Damage Assessment and Re...

Wednesday, April 19

The Prime Minister announces projects with the World Bank worth $1.5B.

The Prime Minister announces projects with the World Bank worth $1.5B. According to Prime Minister Denys Shmyhal, Ukraine and the World Bank have agreed to activate joint thematic programs to reconstruct the country. In particular, the program will contribute $500M in th...

Friday, April 7

The World Bank worsens its forecast for Ukrainian GDP.

The World Bank worsens its forecast for Ukrainian GDP. After falling by 29.2% last year, the bank believes that Ukraine’s GDP will grow by only 0.5% in 2023 and by 3.5% next year. In January, the World Bank expected faster growth in the Ukrainian ec...

Tuesday, March 28

World Bank: The global economy is at risk of a “lost decade”.

World Bank: The global economy is at risk of a “lost decade”. Between 2022 and 2030, the potential average global GDP growth will slow to 2.2%, below the zero-year rate, the bank said. For developing countries, the decline will be just as steep, from 6% in 2000-...

Monday, January 9

The World Bank declares a high risk of global recession.

The World Bank declares a high risk of global recession. The World Bank’s report on the global economic outlook notes that even without a new large-scale crisis, global growth is expected to slow significantly in 2023 amid the strengthening of several...

Thursday, December 15

The WB will require the use of the Prozorro platform for Ukraine’s reconstruction.

The WB will require the use of the Prozorro platform for Ukraine’s reconstruction. The Prozorro e-procurement system, including the Prozorro Market e-catalogs, meets the e-procurement requirements for World Bank-financed operations. The World Bank team conducted their relevant analy...

Wednesday, November 23

Ukraine has received $60M from the World Bank.

Ukraine has received $60M from the World Bank. Ukraine received $60M from the World Bank, which will be directed to state budget expenditures, and will ensure the remuneration of state employees and budget-funded educational institutions, both at...

Monday, October 17

The World Bank predicts a tenfold increase in poverty in Ukraine.

The World Bank predicts a tenfold increase in poverty in Ukraine. The poverty level in Ukraine will increase tenfold, and the Russian Federation’s attacks only complicate the economic situation, said Arup Banerjee, the regional director of the World Bank in Eastern ...

Friday, October 7

Ukraine wants to involve the World Bank to finance infrastructure “survival projects”.

Ukraine wants to involve the World Bank to finance infrastructure “survival projects”. Currently, the possibility of providing $100M for railway and road construction projects, which can be implemented within 6-9 months, is being discussed, Deputy Minister of Infrastructure Anna Yurchen...

Wednesday, October 5

The World Bank anticipates Ukraine’s 2023 economic growth potential.

The World Bank anticipates Ukraine’s 2023 economic growth potential. The World Bank has raised Ukraine’s GDP growth forecast in 2023 from 2.1% to 3.3%. According to the SB Economic Outlook report, the current year’s economic assessment has also improved. SB...

Monday, October 3

Ukraine will receive $530M from the World Bank.

Ukraine will receive $530M from the World Bank. The World Bank has announced an additional $530M in support for Ukraine. Of this money, $500M was provided by Great Britain and $30M by Denmark. As of September, the World Bank has mobilized almost $1...

Friday, September 30

The World Bank warns about world economic recession.

The World Bank warns about world economic recession. World Bank President David Malpass has warned that a period of low growth and high inflation could drag on for years because of Russia’s invasion of Ukraine, as markets transition and wean off Russian...

Monday, September 19

Ukraine has received a $1.5B grant from the United States.

Ukraine has received a $1.5B grant from the United States. This is the last tranche of grant funds from the $4.5B package the US provided through the World Bank’s Trust Fund, the Ministry of Finance reported. It is noted that the funds will be used for ...

The Ministry of Economy revealed the expected assistance from the World Bank.

The Ministry of Economy revealed the expected assistance from the World Bank. In November, the World Bank should approve a package of additional financial aid for Ukraine worth $1B, Deputy Minister of Economy Oleksandr Hryban said. Together with related financing, this amount c...

Thursday, September 15

The World Bank will create a $17B trust fund for Ukraine.

The World Bank will create a $17B trust fund for Ukraine. The World Bank is already working on fundraising and plans to create a new $17B trust fund at Ukraine’s request, which is needed for urgent reconstruction by the end of 2023. According to Roman ...

Tuesday, September 6

The World Bank estimates Ukraine’s war losses at $350B.

The World Bank estimates Ukraine’s war losses at $350B. On September 9 in Brussels, the World Bank will present an assessment of the damage suffered by Ukraine due to Russia’s military aggression. It totals $350B as of June 1, Forbes reports. Accordi...

Tuesday, August 9

The US will allocate $4.5B in additional financing for Ukraine.

The US will allocate $4.5B in additional financing for Ukraine. The World Bank Group today announced $4.5B in additional financing mobilized for Ukraine under the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE), reported the World Ban...

Thursday, June 9

The World Bank has downgraded its Ukrainian inflation forecast to 20%.

The World Bank has downgraded its Ukrainian inflation forecast to 20%. The World Bank has downgraded its inflation forecast in Ukraine to 20% by the end of 2022, whereas the April forecast was 15%, according to the World Bank regional director. “The increase in inflatio...

The World Bank allocates an additional $1.49B to Ukraine.

The World Bank allocates an additional $1.49B to Ukraine. On Tuesday, the World Bank’s Executive Board decided to provide Ukraine with $1.49B in additional funding to pay public and social workers, increasing the total amount of promised support to mo...

Friday, May 20

The World Bank will allocate $30B for global food security due to the war in Ukraine.

The World Bank will allocate $30B for global food security due to the war in Ukraine. The World Bank has announced plans to give more than $30B to projects in order to meet the world’s food security challenges, which have sharpened since Russia’s undertaking of a major war ...

Thursday, May 12

The World Bank will cover the salaries of Ukraine’s state employees.

The World Bank will cover the salaries of Ukraine’s state employees. The World Bank will provide Ukraine with an average of $200M a month to pay civil servants and teachers, for a total of $1.5B, said Deputy Minister of Finance of Ukraine Roman Yarmolychev. He assured...

Monday, May 2

Ukraine has received an €88.5M grant from the World Bank fund and expects €495M more.

Ukraine has received an €88.5M grant from the World Bank fund and expects €495M more. Ukraine received grant funding of €88.5M from the World Bank’s Donor Trust Fund under Ukraine’s Second Development Policy Recovery Loan, as reported by the Ukraine Ministry of Finance. &#...

Wednesday, April 27

Food and Energy prices will increase drastically in 2022.

Food and Energy prices will increase drastically in 2022. According to a quarterly report by the World Bank, world energy and food prices will rise sharply this year due to the full-scale Russian invasion of Ukraine. As forecasted by the World Bank, global...

Wednesday, April 20

The World Bank is preparing a $170B aid package amid the Ukraine war fallout.

The World Bank is preparing a $170B aid package amid the Ukraine war fallout. The World Bank cut its forecast for global economic growth this year due to the Russian war in Ukraine and is preparing a $170B aid package for nations to deal with the confluence of the war, pandemi...

The world bank has allocated $88.6M for student scholarships in Ukraine.

The world bank has allocated $88.6M for student scholarships in Ukraine. Ukraine has received an $88.6M tranche from the World Bank to reimburse the Government of Ukraine for academic and social scholarships, reported the Ministry of Finance. The bank provided these funds...

Thursday, April 14

Emergency medical equipment is coming to Ukraine this month.

Emergency medical equipment is coming to Ukraine this month. As part of the World Bank’s “Serving People, Improving Health” project, the Ministry of Health of Ukraine has signed nine contracts totaling about $35M to procure and deliver emergency medical equipm...

Wednesday, April 13

The World Bank is preparing $1.5B in aid for Ukraine.

The World Bank is preparing $1.5B in aid for Ukraine. The World Bank is preparing a $1.5B support package for Ukraine, which is suffering from the Russian war, including a $1B disbursement from the Development Fund to the poorest countries, said World B...

Tuesday, April 12

Ukreximbank raises $100M from the World Bank to provide medium- and long-term financing.

Ukreximbank raises $100M from the World Bank to provide medium- and long-term financing. The Law on Ratification of the Guarantee Agreement between Ukraine and the International Bank for Reconstruction and Development allows Ukreximbank to attract a state-guaranteed loan of $100M for 20 ...

Friday, March 25

Ukraine’s budget receives more than $2B and €1B in international aid.

Ukraine’s budget receives more than $2B and €1B in international aid. These include $1.4B in assistance from the IMF macro-financial assistance, €600M from the European Union, €312M from the World Bank, and €400M from the European Investment Bank. Minister of Finance Se...

Wednesday, March 9

The World Bank has approved $723M in support for Ukraine.

The World Bank has approved $723M in support for Ukraine. The World Bank has approved $723M in loans and grants for Ukraine, which is fighting the Russian invasion, reported BBC. The package includes a $350M loan, increased by about $139M, as a result of gua...

Monday, March 7

Ukraine may soon receive more than $4.4B from the IMF and the World Bank.

Ukraine may soon receive more than $4.4B from the IMF and the World Bank. The World Bank is preparing a $3B aid package for Ukraine in the coming months, and next week the IMF will decide on emergency financing of up to $1.4B. This information comes from a joint statement ...

The World Bank has suspended all programs in Russia and Belarus.

The World Bank has suspended all programs in Russia and Belarus. The World Bank said it had stopped all programs in Russia and Belarus with immediate effect, following the Russian invasion of Ukraine and “hostilities against the people of Ukraine.” In a...

Monday, February 21

The World Bank is ready to provide $350M to Ukraine and promises additional support.

The World Bank is ready to provide $350M to Ukraine and promises additional support. On Saturday, the World Bank Group said that it was prepared to allocate $350M to Ukraine. The group’s board will consider the issue by the end of March as part of a plan to provide funding to th...

Thursday, January 27

Ukraine and the World Bank have completed the Second Road Improvement Project for $450M.

Ukraine and the World Bank have completed the Second Road Improvement Project for $450M. In the framework of the agreement with the International Bank for Reconstruction and Development (IBRD), Ukraine has implemented the “Second Road Improvement and Traffic Safety Project, as reported b...

Thursday, December 16

The World Bank has allocated $350 mln for social programs in Ukraine over two years.

The World Bank has allocated $350 mln for social programs in Ukraine over two years. The contribution to Ukraine’s state budget will support social programs, said the Minister of Social Policy, Marina Lazebna, during a meeting with representatives of the World Bank. The parties ...

Monday, December 13

EIB and the World Bank to provide Ukraine with funding to fight Covid-19.

EIB and the World Bank to provide Ukraine with funding to fight Covid-19. EIB’s contribution includes a €50 mln loan to purchase vaccines against the coronavirus reported Interfax. The World Bank allocation of $150 mln will provide additional funding for the Covid-19 ...

Monday, December 6

In December, the World Bank will consider allocating two tranches of up to $500 mln to Ukraine.

In December, the World Bank will consider allocating two tranches of up to $500 mln to Ukraine. The World Bank will consider granting Ukraine a second loan of €300 mln for development policy in the field of economic development, reported Interfax. According to the Minister of Finance, Serhiy Mar...

Wednesday, December 1

The Restoration of Ukraine Eastern Corridors.

The Restoration of Ukraine Eastern Corridors. From November 29 to December 8, 2021, the World Bank’s mission to support the implementation of the project – Eastern Ukraine: Reunification, Reconstruction and Revival (Project 3B) will r...

Tuesday, April 20

The World Bank is commencing a new $100 million program for Ukrainian small and medium-sized businesses to receive soft loans for export-oriented projects, reported the Finance Ministry reports. Yesterday, the Cabinet of Ministers formally approved the long-term financing facility.

Monday, April 5

The World Bank is discussing a $200 million loan for improving IT higher education , the Finance Ministry wrote on Facebook. The funds will be spent on computers and to tailoring university curricula to real world employer needs. The Digital Transformation Ministry has set a goal of...

Friday, August 14

After Belarus President Aleksandr Lukashenko cracked down violently in the wake Sunday’s presidential election, U.S. Secretary of State Mike Pompeo said Washington is considering ending oil shipments to Belarus. After Belarus President Aleksandr Lukashenko cracked down violently in the wake Sunday’s presidential election, U.S. Secretary of State Mike Pompeo said Washington is considering ending oil shipments ...

By Sept. 15, all of Ukraine’s ports are to complete “extraordinary measures for government supervision” of the import, handling and storage of ammonium nitrate, By Sept. 15, all of Ukraine’s ports are to complete “extraordinary measures for government supervision” of the import, handling and storage of ammonium nitrate, Prime Minister Shmygal has ordered. The...

Ukraine, Europe’s largest food exporter, is a major importer of ammonium nitrate, a key component of fertilizers. Ukraine, Europe’s largest food exporter, is a major importer of ammonium nitrate, a key component of fertilizers. Last year, Ukraine imported 716,000 tons, at least seven times the volume of 2016, acc...

At Pivdennyi, Ukraine’s busiest port, 9,600 tons of ammonium nitrate are stored “in accordance with all norms and standards,” At Pivdennyi, Ukraine’s busiest port, 9,600 tons of ammonium nitrate are stored “in accordance with all norms and standards,” the seaport administration says in a statement. The compound is “packed in...

Behind the devastating Beirut port explosion was a Russian business man who abandoned his ship, his 8-man Ukrainian crew and his cargo of ammonium nitrate in Beirut in 2013, Behind the devastating Beirut port explosion was a Russian business man who abandoned his ship, his 8-man Ukrainian crew and his cargo of ammonium nitrate in Beirut in 2013, according to a Reuters sto...