Sergii Marchenko during the meeting with the World Bank: Since 2022, Ukraine has received over $55.8 billion in budget support through World Bank projects

Minister of Finance of Ukraine Sergii Marchenko met with World Bank Group President Ajay Banga on the sidelines of the IMF and World Bank Annual Meetings in Washington, D.C.

The Ministry of Finance team also held bilateral meetings with World Bank Managing Director of Operations Anna Bjerde, Vice President for Europe and Central Asia Antonella Bassani, and Managing Director of the International Finance Corporation (IFC) Makhtar Diop.

The discussions focused on the results of nearly four years of cooperation between Ukraine and the Bank during the full-scale war and plans for 2026.

Sergii Marchenko expressed gratitude to Ajay Banga for the Bank’s consistent support of Ukraine’s economy since the start of russia’s full-scale invasion. During this time, numerous projects have been launched to support agricultural producers and internally displaced persons, finance social expenditures, restore energy infrastructure, and reconstruct buildings damaged by russian attacks, etc.

“Thanks to the funds mobilized through various World Bank mechanisms, we are able to sustain State Budget liquidity, implement institutional and structural reforms, and carry out investment projects aligned with our strategic recovery priorities. Ukraine has already received over USD 55.8 billion in budget support from international partners through World Bank projects. These funds have been directed toward priority social spending and economic recovery efforts,”  - noted Ukraine’s Finance Minister.

Overall, the World Bank has helped mobilize more than USD 81.7 billion from donors and partners to support Ukraine.

Sergii Marchenko also briefed the Bank’s leadership on the challenges facing Ukraine’s energy sector due to massive russian attacks. Recent strikes on critical infrastructure have already caused more than USD 2 billion in damages. The parties discussed potential areas of cooperation to further strengthen Ukraine’s energy resilience.

Currently, the World Bank is implementing 22 joint projects in Ukraine. Since the start of the full-scale invasion alone, the Bank has launched 13 projects aimed at social protection, restoration of energy, transport, and logistics infrastructure, repairing damaged housing, as well as supporting and reforming the healthcare and education systems, and reviving agriculture, SMEs, and tax and customs administration - including projects such as PEACE, INSPIRE, REPOWER, RELINC, HOPE, HEAL, ARISE, RISE, THRIVE, LEARN, SURGE, DRIVE, and PREPARE.

In 2025 alone, Ukraine received USD 7.9 billion from the World Bank under ongoing projects, of which USD 7.2 billion was directed to budget support. Additionally, nine new agreements were signed in 2025, totaling nearly USD 970 million (including over USD 54 million in grants). Another USD 182 million in grants was mobilized this year under three existing projects.

By the end of the year, additional financing is expected under the following projects: SURGE - USD 396 million, RISE - nearly USD 300 million, LEARN - almost USD 105 million, THRIVE - USD 17.5 million, INSPIRE - over USD 1 million.

During the meeting with IFC Managing Director Makhtar Diop, Finance Minister discussed expanding cooperation between Ukraine and IFC to attract financing for the country’s recovery - particularly through public-private partnership (PPP) projects and support for small and medium-sized enterprises.

Since February 2022, IFC has mobilized USD 2.6 billion for Ukraine (USD 1.6 billion of its own funds) to finance investments in Ukrainian businesses and banks. The IFC’s private sector portfolio in Ukraine currently includes 22 projects totaling around USD 900 million.