Ukraine received over three billion dollars from the World Bank: what will the funds be used for?
Фото: Рixabay
The State Budget of Ukraine has received $3.35 billion under the First Private Sector Growth and Jobs Policy Program, implemented jointly with the World Bank. The funds will be used to support macro-financial stability and finance priority state budget expenditures.
This was announced by Prime Minister of Ukraine Yulia Svyrydenko.
According to Svyrydenko, the funding was the result of agreements that Ukraine and the World Bank signed on June 24 during the Ukraine Recovery Conference (URC 2026).
The funds will be used to support macro-financial stability and finance priority state budget expenditures under martial law.
The Prime Minister noted that the financing became possible after Ukraine fulfilled the program’s conditions. To this end, the government and the Verkhovna Rada adopted 13 laws and 7 subordinate regulatory legal acts.
The changes covered the following areas:
- improving the public procurement system;
- development of factoring;
- integration of energy markets with the EU;
- transformation of the agricultural sector;
- support for veteran entrepreneurship;
- development of housing policy;
- modernization of preschool and vocational education;
- restoration of the environmental monitoring system for greenhouse gas emissions.
Svyrydenko added that the next stage of the program involves raising another $1 billion by the end of 2026 after fulfilling certain conditions. Part of the financing is provided by guarantees from the governments of Great Britain and Japan.
Let us recall that in early July, the State Budget of Ukraine received almost 600 million US dollars to finance social payments to the most vulnerable categories of citizens.
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