The World Bank is to provide Ukraine with $3.39 billion in financial assistance to support the state budget and implement the «Economy of the Future» strategy. Prime Minister Yulia Svyrydenko discussed this during a meeting with World Bank President Ajay Banga in Gdańsk.
Briefly about the main points
- The World Bank is to provide Ukraine with $3.39 billion in financial assistance.
- The funds will be used to support macro-financial stability.
- Yulia Svyrydenko met with the President of the World Bank in Gdańsk.
- The parties agreed to strengthen their strategic partnership.
- The World Bank will be involved in developing the «Economy of the Future» strategy.
A new financial support package from the World Bank
The World Bank is to provide Ukraine with $3.39 billion in financial assistance. These funds will be used to support the country’s macro-financial stability and to finance priority expenditure under the state budget.
A meeting in Gdańsk
During a visit to Gdańsk Yulia Sviridenko together with the President of the World Bank Ajay Banga discussed the further expansion of cooperation between Ukraine and the international financial institution. The parties focused on the importance of post-war economic recovery and the need for long-term reforms.
«We are working together on the “Economy of the Future” concept — a long-term strategy designed to shape what the Ukrainian economy will look like once the war is over,» said Yulia Svyrydenko.
The «Economy of the Future» Strategy»
The strategy is expected to set out the key directions for the country’s development once hostilities have ended. Key aspects include modernising the economy, attracting investment, and developing industry and innovation. Financial support from the World Bank remains one of the key sources of stability for the Ukrainian economy during the war. The development of the strategy «The Economy of the Future»is intended to lay the foundations for Ukraine’s post-war recovery, structural reforms and long-term economic growth.".
