Each delayed reform within the framework of the Ukraine Facility will cost Ukraine $400M. Deputy Minister of Economy Oleksiy Sobolev voiced this prediction at the presentation of the Monitoring of the Implementation of the Conditions of the IMF Program and Support from the EU. According to... #imf #OleksiySobolev #ReformsinUkraine #SupportUkraine #UkraineFacility #worldbank
The EU runs €90M worth of projects to help businesses operating in Ukraine, and the World Bank will join the program to provide affordable housing. As the EU Delegation to Ukraine reported, since the beginning of the full-scale invasion, support for the Ukrainian economy from the EU has focused on helping small and medium-sized enterprises. Withi... #EU4Business #GrantsForBusiness #SupportBusiness #worldbank #бізнесвУкраїні
Ukraine receives $760M in grant funds from Japan and Norway, and the EU and Germany offer €1M in business grants. Ukraine has received $760M in grants from Japan and Norway to pay pensions and salaries to rescue workers and teachers. The money comes as part of the World Bank’s PEACE project. The government of Jap... #EU4Business #financialaidforUkraine #GrantsforUkraine #SupportUkraine #worldbank
Ukraine approves the capital market reform that is necessary for a World Bank loan. The Ukrainian Parliament adopted a law regulating and supervising capital markets and organized commodity markets in general. “This is an important European integration law, which is also a beac... #CapitalMarket #IrynaGerashchenko #ReformsinUkraine #UkrainianParliament #worldbank
The EU and the IFC have unlocked more than €500M in private sector investment to rebuild Ukraine. The European Commission announced the signing of a guarantee agreement with the IFC to support investment for Ukraine’s recovery. As part of the agreement, the EU will provide the IFC, a member ... #EFSD+ #ifc #InvestmentsinUkraine #UkraineRecovery #worldbank
Western analysts calculate the procedure and cost of rebuilding Ukraine after the war. Vast regions of war-torn and occupied territories will require significant demining, The Hill notes, which will include clearing farmland, fields, and neighborhoods of deadly bombs, roadblocks, and la... #DeminingUkraine #UkraineReconstruction #UkraineRecovery #UkraineWarDamages #WarinUkraine #worldbank
The World Bank has summarized Ukrainian business losses for the almost two years of war. According to the WB, 20% of Ukrainian companies face direct destruction, while 70% have lost income. It is noted that the average income decreased by 50% compared to 2021. The eastern regions were the... #BusinessLosses #UkraineDamages #UkrainianEnterprises #worldbank #бізнесвУкраїні
The World Bank has worsened its growth forecast for Ukraine and for the world’s economies. The World Bank, in its updated review of the global economy, improved its estimate of Ukraine’s GDP growth in 2023 to 4.8% and predicted a slowdown in recovery to 3.2% in 2024. In 2025, growth, ... #GDPinUkraine #GlobalEconomy #UkraineEconomy #worldbank #WorldBankForecast
What kind of aid did Ukraine’s allies allocate last week? USAID is increasing the total funding of a grant program to support the innovative transformation and development of Ukrainian enterprises to $11M. About 75 grants will now be provided within the prog... #ebrd #financialaidforUkraine #GrantsforUkraine #KfW #UrsulavonderLeyen #USAID #worldbank
Here is the financial assistance Ukraine received last week from its allies: The UK will contribute £20M to the Trust Fund for the Support of the Reconstruction and Economy of Ukraine (SURE), launched by MIGA. This contribution will reduce project risks and attract much-needed... #financialaidforUkraine #GrainfromUkraine #KfW #MIGA #SURE #worldbank
Ukraine’s allies provide more support for energy infrastructure and agriculture. USAID and the Energy Community Secretariat signed an agreement on the US’ €23M grant contribution to the Energy Support Fund of Ukraine. Germany also plans to provide €300M to help Ukraine’s energy se... #agroUkraine #energyukraine #MartinJäger #SupportUkraine #Ukrenergo #USAID #worldbank
The World Bank supplies$400M for the Ukrainian budget, and the EBRD provides €200M for gas purchases. The state budget of Ukraine received a $400M loan under Great Britain’s guarantee through the World Bank Trust Fund. The funds are part of the fifth financing round of the PEACE in Ukraine project. Th... #ebrd #LoansForUkraine #Naftogaz #PeaceInUkraine #UkraineBudget #worldbank
Ukraine will receive almost ₴10B in additional aid from partners. According to Prime Minister Denys Shmyhal, Norway will provide $190M, and $70M will be allocated by Switzerland for aid to Ukraine. These grants will be provided through funds administered by the Worl... #DenysShmyhal #financialaidforUkraine #GrantsforUkraine #SupportUkraine #worldbank
The IBRD and the World Bank provide Ukraine with $1.25B to restore agriculture. Ukraine and the IBRD have signed a grant and loan agreement for $550M within the World Bank’s Emergency Project of Provision of Inclusive Support for the Restoration of Ukraine’s Agriculture (AR... #agroUkraine #AidForFarmers #GrantsForFarmers #IBRD #worldbank
The World Bank will help Ukrainian farmers mobilize about $1.5B in working capital. The World Bank is implementing an emergency project to provide inclusive support for the recovery of agriculture in Ukraine (ARISE). More than 90,000 farmers will receive assistance in attracting soft... #AgroInvestments #agroUkraine #ARISE #FarmersUkraine #worldbank
The World Bank has analyzed Ukraine’s ability to attract private investment with and without reforms. Today, Ukraine needs at least $411B in investments to recover. IFC and WB experts have assessed the “no reforms” scenario that was observed before the war. In this case, the involved priva... #ifc #InvestmentsinUkraine #ReformsinUkraine #UkraineRecovery #worldbank
Private investment can provide a third of Ukraine’s needs for recovery, said the president of the World Bank Group, Ajay Banga. He also noted that the World Bank positively assesses Ukraine’s course on implementing reforms. “The Minister of Finance, Mr. Marche... #AjayBanga #InvestmentsinUkraine #SerhiyMarchenko #UkraineEconomy #UkraineRecovery #worldbank
All purchases with World Bank funds in Ukraine can now be made through Prozorro. The World Bank has approved using the Prozorro platform for all projects it finances in Ukraine. The Prozorro e-procurement system can be used for national (up to €5M) and international (from €5M) ten... #ProZorro #PurchasesUkraine #UkraineReconstruction #worldbank
The World Bank has improved its economic forecast for Ukraine. The World Bank forecasts Ukraine’s GDP to grow by 3.5% in 2023 and 4% in 2024, which is 1.5 and 0.5 percentage points higher than its June estimates, according to the updated economic forecast f... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #worldbank
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 ... #GrantsforUkraine #PeaceInUkraine #UkraineBudget #USsupportsUkraine #worldbank
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... #financialaidforUkraine #GrantsforUkraine #LoansForUkraine #worldbank
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... #HousingDamagesUkraine #UkraineReconstruction #worldbank
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... #AlfonsoGarcíaMora #ifc #InvestmentsinUkraine #worldbank
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... #ArupBanerjee #ReconstructionUkraine #UkraineRecovery #URTF #worldbank
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... #AnnaBjerde #KakhovkaHPPdestruction #RafaelMarianoGrossi #WarLosses #worldbank
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... #DenysShmyhal #UkraineRecovery #worldbank
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... #GDPinUkraine #UkraineEconomy #worldbank
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-... #GlobalEconomy #GlobalGDP #worldbank
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... #GlobalEconomy #Globalinflation #worldbank
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... #ArupBanerjee #ProzorroUkraine #worldbank
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... #financialaidforUkraine #worldbank #WorldBankAid
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 ... #ArupBanerjee #PovertyInUkraine #worldbank
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... #InfrastructureofUkraine #RestorationFundofUkraine #worldbank
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... #GDPgrowthUkraine #UkraineEconomyForcast #worldbank
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... #ArupBanerjee #financialaidforUkraine #worldbank
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... #DavidMalpass #worldbank #worldeconomy
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 ... #trustfundforUkraine #USaidtoUkraine #worldbank
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... #financialaidforUkraine #worldbank #WorldBankAidforUkraine
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 ... #RomanKachur #TrustFund #worldbank
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... #RomanKachur #WarLosses #worldbank
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... #USaidforUkraine #USfinancionaidforUkraine #worldbank
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... #InflationDuringWar #InflationUkraine #worldbank #WorldBankForecast
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... #FundingForUkraine #WarinUkraine #worldbank #WorldBankFunding
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 ... #GlobalFoodSecurity #worldbank #WorldBankAid
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... #WarinUkraine #worldbank #WorldBankAidforUkraine
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. &#... #AidforUkraine #GrantsforUkraine #worldbank #WorldBankGroup
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... #Energyprices #FoodPrices #worldbank
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... #AIdPackage #worldbank #WorldBankAid
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... #EducationUkraine #Scolarships #worldbank
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... #medicalequipment #worldbank #WorldBankAid
