Ukraine’s finance leadership announced a significant influx of support from the World Bank, highlighting that Kyiv has received over 22 billion dollars in financial aid since February of last year. The update was shared on the Ukrainian Finance Ministry’s Telegram channel, signaling ongoing coordination between Kyiv and international partners as the country continues its stabilization and reform efforts. (World Bank)
The ministry’s post indicates that Finance Minister Serhiy Marchenko held talks in Washington with top World Bank executives, including Anna Bjerde, the Managing Director of World Bank Operations, and Antonella Bassani, the Vice President for Europe and Central Asia. The discussions centered on advancing joint projects, accelerating resource mobilization for the state budget, and strengthening the effectiveness of ongoing assistance. (World Bank)
According to Marchenko, the World Bank has mobilized a total of 34 billion dollars in financial resources to back Ukraine since the start of the conflict in February 2022, with more than 22 billion already disbursed to support critical needs. He credited the bank for playing a crucial role in sustaining social programs and essential public services during a period of heightened demand and uncertainty. (World Bank)
The Ukrainian official expressed gratitude for the steady flow of aid, noting that the funds have a direct impact on social expenditures that shield vulnerable populations and maintain essential public services at a time of fiscal strain. He also emphasized the importance of transparent and efficient use of these resources to maximize their effect on the ground. (World Bank)
In a separate note, the Finance Ministry recalled a prior World Bank loan of 132 million dollars aimed at supporting Ukraine’s agricultural sector. The funds were described as earmarked for strengthening food production, improving the efficiency of the food supply chain, and reinforcing national food security measures, aligning with the country’s broader strategy to ensure stable access to nutritious, affordable food. (World Bank)