The World Bank has provided Ukraine with over $40 billion since the onset of the full-scale invasion, according to the Ministry of Finance.

Since the onset of Russia's full-scale invasion of Ukraine, the World Bank has provided over $40 billion to Ukraine. These funds have partially financed the social and humanitarian expenditures of the Ukrainian state budget, as well as its recovery efforts.

Minister of Finance of Ukraine, Serhiy Marchenko, stated this information.

It is noted that Marchenko met with Anna Bjerde, Managing Director of the World Bank for Operations, and Antonella Bassani, Vice President of the Bank for the Europe and Central Asia region, during their visit to Kyiv.

The press release indicates that the meeting also included Deputy Minister of Finance Olha Zykova, Government Commissioner for Public Debt Management Yuriy Butsa, and Ukraine's representative on the Bank's Board of Directors Roman Kachur.

From the World Bank, the Regional Director for Eastern European countries Bob Som and the Regional Director for Europe at the International Finance Corporation, part of the World Bank Group, Ines Rocha also participated.

The parties emphasized that they discussed the results of cooperation between Ukraine and the Bank over more than 1000 days of full-scale war, plans for 2025, and the joint efforts of the Ukrainian government and the World Bank within the Reform Matrix tool.

Serhiy Marchenko expressed gratitude to Anna Bjerde for her personal contribution to supporting Ukraine and highlighted the Bank's key role in consolidating assistance from international partners.

"Despite the extreme uncertainty in the context of full-scale war, the Government of Ukraine is committed to the reform agenda on the path to EU membership. The World Bank is one of Ukraine's key partners in achieving this goal. The analytical tool, the Reform Matrix, developed jointly with the Bank, serves as a roadmap and transformation plan for Ukraine, containing over 300 reforms with measurable indicators," the Finance Minister noted.

According to him, fulfilling Ukraine's commitments will accelerate economic development, increase the number of innovations, and attract the private sector to Ukraine. It is clarified that such changes are essential for the swift recovery of the country from the consequences of Russia's criminal aggression.

Background. Earlier, Mind reported that the World Bank sharply downgraded its growth forecast for Ukraine's GDP in 2025. At the same time, the Bank confirmed an economic growth forecast of 3.2% for 2024.

In the meantime, in November 2024, the Ukrainian government made a decision that will allow to attract $4.8 billion from the World Bank under the PEACE project.