Ukraine has received $3.35 billion as part of the First Labor Market Development and Private Sector Growth Program, implemented jointly with the World Bank; the funds have already been transferred to the state budget and will be used to support macrofinancial stability and finance priority expenditures under martial law, Prime Minister Yulia Svyrydenko announced.
According to her, the funds were the result of agreements signed by Ukraine and the World Bank on June 24 as part of the Ukraine Recovery Conference (URC 2026).
“This funding was made possible by a large-scale reform package. To fulfill the program’s conditions, the government and the Verkhovna Rada adopted 13 laws and 7 subordinate regulatory acts,” Svyrydenko stated in a post published on Facebook.
The reforms covered a number of areas, including improving the public procurement system, developing factoring, integrating energy markets with the European Union, transforming the agricultural sector, supporting veteran entrepreneurship, developing housing policy, modernizing preschool and vocational education, and restoring the system for monitoring greenhouse gas emissions.
“The next phase of the program provides for the allocation of an additional $1 billion by the end of 2026, subject to the fulfillment of certain conditions,” the prime minister noted.
She also reported that part of the funding under the program is backed by guarantees from the governments of the United Kingdom and Japan.
Source: https://www.facebook.com/share/p/18v8tuSZnE/?mibextid=wwXIfr
