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 projects worth more than $5.5B and €1B in credit funds and more than $20B in grant funds. Ukraine has already received and used credit and grant funds for more than $25B through multi-donor trust funds, including within the PEACE in Ukraine project.
It is noted that over the past year and a half, four new cooperative investment projects have been launched: Heal Ukraine, RELINC, Re-Power, and HOPE. Also, a project for social needs is being prepared.
Due to the efforts of the World Bank, multi-donor trust funds, the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund, and other financial mechanisms, Ukraine’s partners are able to participate in the co-financing of framework projects or provide budget support through grant contributions or by providing credit guarantees, the Ministry of Finance notes.