Ukraine received roughly 190 million euros from the World Bank, earmarked to help cover the salaries of civil servants and teachers. This funding is part of a broader effort to stabilize essential public services during a period of economic strain, ensuring that classrooms stay open and government operations continue smoothly even as the country navigates fiscal challenges. The support comes at a favorable cost, reflecting the World Bank’s commitment to supporting Ukraine’s core administrative system and education workforce during times of upheaval, with a clear focus on frontline public service delivery. The funds are intended to bolster February 2023 payrolls, reinforcing the day-to-day functioning of public institutions and teachers who play a foundational role in education and governance. (citation: Ministry of Finance statements and World Bank program summaries)
The money was provided on preferential terms through the International Development Association, intended to minimize the burden on Ukraine while maximizing the impact of every euro directed toward public wages. The disbursement aims to ensure that employees across government agencies and the teaching sector receive timely compensation for February 2023, a critical period for maintaining public services and educational continuity. This support aligns with international partners’ priorities to safeguard civil service stability and to uphold the quality of schooling during consolidation and recovery phases. (citation: World Bank financing notices and IDA terms)
Ukraine Rejects Former Prime Minister Shmyhal reported that the European Bank for Reconstruction and Development (EBRD) has reportedly committed 1.5 billion euros for recovery efforts this year. The emphasis is on rebuilding and resilience, with a plan that spans multiple sectors and regions affected by conflict and economic disruption. The large-scale commitment signals confidence in Ukraine’s reform agenda and the bank’s willingness to back both public and private sector initiatives aimed at sustainable recovery. (citation: EBRD project dashboards and official briefings)
Shmyhal explained that he discussed these issues with EBRD chief Odile Renaud-Basso. According to him, the bank intends to concentrate this year on supporting the public and private sectors, with a special focus on helping small and medium-sized enterprises, financing road construction, collaborating with cities and communities, and reinforcing the energy sector. This strategic mix targets critical bottlenecks in infrastructure, business development, and energy security, aiming to accelerate economic activity and improve living standards. The approach also reflects a collaborative stance with local governments and urban authorities to align financial support with regional needs. (citation: EBRD communications and contemporaneous briefings)
He also extended thanks to the EBRD for assisting Ukraine’s needs during these difficult times, recognizing the bank’s role as a steadfast partner in stabilization and reconstruction efforts. The ongoing partnership underscores the importance of coordinated international finance in sustaining essential services, rebuilding infrastructure, and fostering a more resilient economy in the face of ongoing challenges. (citation: official statements and partner acknowledgments)