Sergii Marchenko met with leadership of international financial institutions: budget support and energy sector recovery among key priorities

In Washington, D.C., U.S., Ukraine’s Minister of Finance Sergii Marchenko, as part of the delegation led by Prime Minister Yulia Svyrydenko, held meetings with World Bank President Ajay Banga and President of the European Investment Bank (EIB) Nadia Calviño. The meetings took place on the sidelines of the IMF-World Bank Spring Meetings.

The Ministry of Finance team also met with Germany’s Federal Minister of Finance Lars Klingbeil and Canada’s Minister of Finance François-Philippe Champagne. The parties discussed attracting budget support for Ukraine in 2026–2027.

Sergii Marchenko also participated in:

• the U.S.-Ukraine Partnership Forum, opened by the Prime Minister of Ukraine;

• the 9th Ministerial Roundtable in Support of Ukraine, co-chaired by the Government of Ukraine, the World Bank Group, and the International Monetary Fund.

- World Bank: Priorities for Further Cooperation

The meeting with World Bank President Ajay Banga confirmed both sides’ intention to expand cooperation, including through launching new assistance instruments.

In 2026, Ukraine attracted a total of USD 6.8 billion in external financing, of which USD 5.3 billion came through World Bank projects.

These funds help the Ministry of Finance maintain State Budget liquidity, implement institutional and structural reforms, and finance investment projects aligned with recovery priorities.

Since 2022, Ukraine has received over USD 71 billion in budget support from international partners through World Bank projects, directed toward social expenditures and economic recovery.

 - European Investment Bank: Recovery and Energy

During the meeting with EIB President Nadia Calviño, the parties discussed expanding the project portfolio. The EIB will continue financing housing reconstruction and critical infrastructure (water supply, transport) in communities affected by shelling.

Ukraine expressed gratitude for the EIB’s readiness to act quickly in providing timely support.

The EIB’s portfolio in Ukraine is one of the largest among international financial institutions, consisting of 27 projects totaling EUR 4.7 billion. These projects focus on transport infrastructure, social infrastructure (schools, kindergartens, healthcare facilities), energy efficiency of public buildings (including universities), restoration of energy and critical infrastructure, and procurement of urban public transport rolling stock.

 - Meetings with Partner Countries’ Finance Ministers

Sergii Marchenko emphasized that despite the war, Ukraine remains a reliable partner, fulfills its obligations, and demonstrates tangible economic recovery results.

As of April 2026, the Reforms Matrix includes 510 conditionalities and recommendations with 806 indicators across cooperation programs with international partners, with 533 measures already completed.

Ukraine has also received a full set of conditions across all six EU negotiation clusters. Progress in implementing the Association Agreement stands at 84%, and 81 out of 151 steps under the Ukraine Facility Plan have been completed.

Ukraine continues to meet IMF Extended Fund Facility conditions, including appointing the Head of the State Customs Service and extending the military levy for three years after the end of martial law.

The parties discussed Ukraine’s financial needs. The Minister stressed the importance of continued concessional financing and investment in critical sectors to ensure economic self-sufficiency. In 2026, budget support needs amount to USD 52 billion.

 - U.S.–Ukraine Partnership Forum

Sergii Marchenko highlighted the successful adaptation of Ukrainian businesses, noting that tax revenues show positive dynamics due to business resilience and balanced government policies.

The Government continues to mobilize domestic resources, particularly by increasing tax revenues, in line with broader financial stability goals agreed with the IMF.

The main priority of the 2026 State Budget is funding the security and defense sector. All domestic revenues and borrowing are directed toward countering aggression.

This year, defense expenditures amount to 27.2% of GDP, which is USD 3.7 billion more than in 2025.

 - Ministerial Roundtable in Support of Ukraine

Key topics included financing needs for the State Budget in 2026–2027 and support for the energy sector, which continues to suffer from russian attacks on critical infrastructure.

International partners highly praised Ukraine’s financial policy effectiveness, including maintaining macro-financial stability and progress in fiscal reforms.

Sergii Marchenko thanked international partners for financial support exceeding USD 174 billion since February 2022.

He also emphasized the importance of launching the EU’s Ukraine Support Loan of EUR 90 billion to balance the 2026 budget and beyond. The Ministry of Finance team is working with partner governments to finalize and implement this instrument.