Donor Support
As of August?2024, the World ¶¹ÄÌÊÓƵAPP has mobilized $47 billion in commitments and pledges to be channeled through ¶¹ÄÌÊÓƵAPP projects, with most of this money disbursed to sustain public services, repair infrastructure and support agriculture. More than 90% of this mobilized capital comes from?donor countries.
These commitments and pledges leverage innovative instruments, such as IBRD and IDA loans, IBRD loans guaranteed by partners, donor grants and equity, IFC blended finance and MIGA guarantees.
Donor resources have been essential for Ukraine to sustain public services and undertake essential repairs to housing and infrastructure. Without this support, many more people would have fallen into poverty.
Providing adequate budget support to keep the government running and to provide essential services has been critical over the last two years. It helped the government meet the basic needs of its citizens like paying pensions to the elderly, keeping hospitals open, and keeping kids in schools. This support has reached 15 million Ukrainians.
Mobilized resources are reaching: - 10 million pensioners, and wages for 500,000 education employees, 145,000 government employees, and 56,000 first responders
- More than 530 hospitals received emergency medical equipment and supplies, and 2,431 health service providers stayed open in 2022
- 12,817 schools remained open in 2022 through a combination of in-person, remote, and blended learning
- 3+ million vaccines delivered to children under 7 since March 1, 2022
- 800,000+ additional persons received medicines and/or medical products subsidized through the Affordable Medicines Program since March 1, 2022
- 2,800+ healthcare providers completed training to care for victims of gender-based violence since the end of 2022
- 55,000+ people accessing mental health services since November 1, 2022???
- 160,000+ people accessing rehabilitation services for mental and physical trauma since November 1, 2022
- Nearly 55,000 families benefited from compensation to make emergency repairs to their homes
- We are also helping Ukraine restore its transport network¡ªwhich was disrupted in more than 21,000 villages, 51 towns, and 35 cities¡ªby repairing bridges and railways to relink communities, support immediate humanitarian relief and recovery, and increase capacity of import and export corridors
- More than 80,000 small farmers are receiving grants and more than 12,000 agricultural producers are receiving subsidized loans to ensure farms remain active. These funds are also leveraging commercial financing in the agri-food sector; as of July 1, 2024, private capital mobilization totaled $2 billion.
|
¶¹ÄÌÊÓƵAPP¡¯s Role
¶¹ÄÌÊÓƵAPP brings strong oversight practices and expertise in reconstruction, particularly in agriculture, energy, infrastructure/transport and social sectors, as well as global experience in supporting development-oriented reforms.??We routinely monitor our Ukraine portfolio for evidence of fraud and corruption and have robust mechanisms in place to swiftly deal with any reports.
¶¹ÄÌÊÓƵAPP primarily works in areas where others are not present such as in Ukraine¡¯s social sectors including?, ?, and soon in education.
¶¹ÄÌÊÓƵAPP has expanded existing projects, established multi-donor trust funds, and channeled guarantees and parallel financing from donor countries.
¶¹ÄÌÊÓƵAPP supports Ukraine, in close collaboration with bilateral and other MDBs, including the IMF and EU (on reforms), EBRD and EIB (on investment). ¶¹ÄÌÊÓƵAPP and other MDBs are?.
¶¹ÄÌÊÓƵAPP Group (IBRD, IFC and MIGA) is also working with the Ukrainian government and partners to identify opportunities for private financing of Ukraine¡¯s reconstruction. If the right conditions are created, we estimate that as much as one-third of Ukraine's future needs could be met with private sector financing.
In the first three quarters of 2023, over $4 billion in foreign direct investment flowed into Ukraine, which shows that foreign investors see good opportunities.
¶¹ÄÌÊÓƵAPP is advising the government¡¯s ¡°Ukraine Plan¡± that identifies critical reforms and investments over the next years and helps to prepare the country for EU accession.
¶¹ÄÌÊÓƵAPP Operations [Projects]
WB Operations
PEACE
Since the start of Russia¡¯s invasion, donor support has been deployed through the World ¶¹ÄÌÊÓƵAPP¡¯s project??to help the Government of Ukraine meet urgent needs, including the provision of core public services such as health, education, and social protection. This support has reached 15 million Ukrainians, and is helping to provide wages for government and school employees, pensions for the elderly, salaries for public servants, and social programs for the vulnerable.? ¶¹ÄÌÊÓƵAPP has deployed a range of mechanisms designed to monitor service delivery and check for fraud and corruption.
PEACE is widely viewed as having helped the government survive the war by sustaining its capacity to deliver essential public services.
Framework Projects
To respond to priority needs, the World ¶¹ÄÌÊÓƵAPP has introduced Framework Projects to support recovery and build capacity for reconstruction in?,?,?,??and?. These are World ¶¹ÄÌÊÓƵAPP-supported emergency operations that mobilize partner resources through an innovative and flexible design that allows funds to be disbursed quickly, can be scaled as necessary, and can absorb additional financing as it becomes available. They include appropriate fiduciary, environmental and social safeguards. IBRD funding for these projects is secured thanks to the bilateral guarantees provided by development partners.
The ¶¹ÄÌÊÓƵAPP is also supporting investment operations to respond to the ongoing attacks on critical infrastructure¡ªincluding financing to (i) build resilience into the power sector to help withstand Russian attacks, reorient transportation links to support exports and maintain humanitarian routes, and repair housing damaged by missile attacks; and (ii) to support economic recovery¡ªincluding, under a recently approved project, by restoring agriculture production by helping more than 90,000 farmers access affordable loans and receive grants for agricultural production, and to
URTF
To swiftly mobilize efforts for reconstruction, the World ¶¹ÄÌÊÓƵAPP has established the?, a multi-donor fund to channel grant contributions from donor partners. The URTF¡¯s objectives are to help sustain the country¡¯s administrative and service delivery capacity, and conduct relief efforts, as well as to support the planning and implementation of Ukraine¡¯s recovery, resilient reconstruction, and reform agenda.
The URTF supports the World ¶¹ÄÌÊÓƵAPP¡¯s Framework Projects and ensures that Ukrainian authorities can quickly and effectively utilize these critical investments and leverage the multiple sources of financing efficiently and at scale.?
MRII
¶¹ÄÌÊÓƵAPP Group¡¯s is a facility established to support Ukraine through a coordinated approach among the World ¶¹ÄÌÊÓƵAPP, IFC, and MIGA. The MRII takes a phased and multi-pronged approach to mobilizing financing and coordinating sources of support through guarantees, co- and-parallel financing, and other financial instruments. All MRII instruments allow donors to help Ukraine in addressing its immediate needs to sustain key public services, the private sector, and wider recovery and reconstruction needs identified in the RDNA.
¶¹ÄÌÊÓƵAPP Group¡¯s Multi-Donor Resources for Institutions and Infrastructure (MRII - §®§²??) for Ukraine is a facility established to support Ukraine through a coordinated approach among the World ¶¹ÄÌÊÓƵAPP, IFC, and MIGA. The MRII takes a phased and multi-pronged approach to mobilizing financing and coordinating sources of support through guarantees, co- and-parallel financing, and other financial instruments. All MRII instruments allow donors to help Ukraine in addressing its immediate needs to sustain key public services, the private sector, and wider recovery and reconstruction needs identified in the RDNA2.
IFC
IFC launched a $2 billion Economic Resilience Action program to support Ukraine's private sector during Russia¡¯s invasion. Since February 2022, IFC has delivered $1.1 billion in short- and long-term finance in Ukraine, including $665 million OA and $417 million mobilization to bolster Ukrainian agriculture, financial and technology sectors, help implement urgent repairs in the residential sector and support municipalities hosting IDPs. This includes $336 million in guarantees to support critical exports and imports of grains and other staples, $212 million in support for agribusiness, and $70 million for the tech sector. It also includes €50 million in risk-sharing facilities to help Ukrainian financial institutions expand lending to smaller businesses, including farmers and women-owned SMEs. In addition to financial support, the IFC¡¯s program includes analytical work, advisory services, and pre-investment projects to enable private investment in Ukraine¡¯s reconstruction.
MIGA
MIGA has issued more than $215 million in political risk insurance guarantees to Ukraine since the war began. To address the shortage of insurance capacity for war risk, MIGA has established a trust fund that was seed-funded by Japan. This and future donor contributions, combined with MIGA¡¯s own capital, will help mobilize public and private reinsurance in support of projects in the energy, agribusiness, manufacturing, and logistics sectors. to support short-term trade finance guarantees for Ukraine to serve humanitarian needs and help keep industries like agriculture going while providing critical imports needed for production.
MIGA expects the , which was established with Japan¡¯s critical anchor contribution of $23 million, to grow to $300 million through contributions from additional donors. Japan has contributed an additional $2 million, Norway has contributed $22 million, the United Kingdom ?20 million, and Belgium €1 million.
Partners
Donor governments: Austria, Belgium, Canada, Denmark, Finland, Germany, Iceland, Indonesia, Ireland, Italy, Japan, the Republic of Korea, Latvia, Lithuania, the Netherlands, Norway, Spain, Sweden, Switzerland, the United Kingdom, and the United States.
IFIs:?EIB, EBRD, EC, IMF, CEB
Learn more:?
Last Updated: Aug 01, 2024