Ukraine to Get EUR 300M from IBRD for Economic Recovery

Minister of Finance of Ukraine Serhiy Marchenko and World Bank Regional Country Director for Belarus, Moldova, and Ukraine Arup Banerji signed an agreement to provide Ukraine with a EUR 300 million loan to continue the implementation of projects in the field of economic recovery.

The loan followed implementation of structural reforms of demonopolising key sectors of the economy, strengthening anti-corruption institutions, improving land and capital markets, and enhancing the social support system.

Within the framework of further Ukraine–IBRD cooperation, the World Bank’s Country Partnership Strategy for 2022-2025 is already drafted, aiming to achieve sustainable economic recovery and growth in Ukraine. The priority areas of the strategy will be energy and agriculture, and the transport system.

As a reminder, in June 2021, Ukraine received the first part of IBRD’s loan ($350 million) for a policy of economic recovery development.

Natalia Tolub