During a working visit to Washington, DC, for the Annual Meetings of the IMF and the World Bank Group, Minister of Finance of Ukraine Sergii Marchenko held a number of meetings with the leadership of the World Bank Group. 

The meetings was attended by Deputy Ministers of Finance Yuriy Draganchuk, Olga Zykova, Svitlana Vorobey and Government Commissioner for Public Debt Management Yuriy Butsa.

At a meeting with the President of the World Bank Group Ajay Banga, Sergii Marchenko thanked for his continued support and active participation in supporting Ukraine's economy and key sectors: 

"The Bank's adaptability to uncertainty and readiness to develop new programs in response to challenges is extremely valuable for the country during full-scale war. As a result of our cooperation, Ukraine has already received more than USD 37 billion in budget support from international partners through the Bank's mechanisms."

Since the beginning of the full-scale war, the World Bank has launched 7 projects in Ukraine aimed at providing emergency support and recovery. These include social support for the population, restoration of energy, transport and logistics infrastructure, damaged housing, support for the healthcare system and access to essential medical services, support for the education sector, restoration and support for agriculture (PEACE, INSPIRE, Re-Power, RELINC, HOPE, HEAL, ARISE projects).

The largest donors of joint projects with the World Bank are the United States, Japan, the United Kingdom, and Norway. 

During the discussions with World Bank Managing Director Anna Bjerde and World Bank Vice President for Europe and Central Asia Antonella Bassani, the importance of using the Program-for-Results (PforR) financial instrument was emphasized.

The PforR instrument provides for the implementation of measures to support reforms aimed primarily at the development of priority social sectors (education, healthcare, and business development) and public finance management. This not only ensures that the necessary financing for Ukraine's needs is attracted, but also contributes to sustainable economic growth and recovery. 

Recently, the systemic project "Lifting Education Access and Resilience in Times of Need" (LEARN) was launched. This is the first of a range of PforR projects proposed by the World Bank, which started in 2024.  The heads of the Ministry of Finance, the Ministry of Education and Science, the WB have already signed the relevant agreements totaling USD 415 million.

A number of other PforR projects are expected to be signed in the near future.

During the meetings with the International Finance Corporation (IFC) Managing Director Makhtar Diop, and the Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA) Hiroshi Matano, the Minister of Finance thanked them for their support, including their contribution to the preservation of the institutional capacity of the economy, support for small and medium-sized enterprises in Ukraine, including the IT sector, and the development of the war risk insurance mechanism.

The parties agreed to further strengthen cooperation in these areas.