![]() This support has reached 13 million Ukrainians, and is helping to provide wages for hospital workers, government and school employees, pensions for the elderly, salaries for public servants, and social programs for the vulnerable. About half of all the economic assistance for Ukraine has been mobilized through the World Bank. This includes $3.4 billion on the World Bank’s own balance sheet, with another $6.5 billion on the Bank balance sheet planned over the next 12 months.Īs of April 2, 2023, more than $20 billion has been disbursed through World Bank projects and trust funds, as well as additional funds through parallel disbursements. To support the continuation of essential government services over the last year, the World Bank Group has mobilized more than $37.5 billion in emergency financing, including commitments and pledges, which includes grants, guarantees, and linked parallel financing from the US, UK, European countries, and Japan. Ukraine’s operating, recovery, and reconstruction needs are staggering. Now in its second year, Russia’s invasion of Ukraine is a tragedy with far-reaching human and economic impacts. Ukraine needs $11 billion for repairs and essential services in CY23.15-year setback in poverty reduction goals.7.1 million additional Ukrainians are estimated to live in poverty. ![]() GDP projected to grow by 0.5% in 2023 after contracting about 30% in 2022.
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