The World Bank's board has approved providing Ukraine with $2.05 billion aid package to support the Ukrainian government in implementing reforms to strengthen the economy and improve macro-financial stability.
The initiative also aims to support the government in increasing GDP per capita to meet EU levels and increase Kyiv's economic self-reliance. The financing is the second in a programmatic series of two, with the first operation being approved in March 2024.
Ukraine has received €236 million in loan financing under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE) project, Ukraine's finance ministry said. The funding was extended by the International Bank for Reconstruction and Development (IBRD) under a guarantee from the Swedish government, the finance
The European Commission disbursed nearly €2.8 billion to Ukraine on Monday to help finance the state budget and maintain public services as the country continues to defend itself against Russia's invasion.
Ukraine's approach to rebuilding war-damaged territories is increasingly centered on housing, social protection, healthcare, and other human needs, diverging from traditional post-conflict recovery models, according to a study by a group of Ukrainian researchers published in the European Journal of Sustainable Development.
