Ukraine and the World Bank signed agreements worth USD 3.39 billion in Gdańsk to support the budget and advance reforms

Minister of Finance of Ukraine Sergii Marchenko and the World Bank’s Regional Country Director for Eastern Europe Bob Saum signed a package of agreements under the First Ukraine Jobs and Private Sector Growth Development Policy Operation (DPO) totaling USD 3.39 billion.

The signing took place on the sidelines of the Ukraine Recovery Conference (URC 2026) held in Gdańsk on June 25–26.

The signing ceremony was also attended by Deputy Minister of Finance of Ukraine Olga Zykova, World Bank Vice President for Europe and Central Asia Antonella Bassani, as well as representatives of the governments of the United Kingdom and Japan – key partners providing financing to Ukraine through various World Bank mechanisms.

The DPO financing package includes:

• USD 1.04 billion in a Development Policy Loan, of which:

  • USD 500 million is backed by a guarantee from the United Kingdom;

  • USD 540 million is backed by a guarantee from Japan;

• USD 2.35 billion in grant financing from the F.O.R.T.I.S. Ukraine Financial Intermediary Fund.

The signing of these agreements will enable Ukraine to receive loan and grant financing totaling USD 3.35 billion to the General Fund of the State Budget by the end of June 2026. These funds will be directed toward maintaining Ukraine’s macro-financial stability and financing priority State Budget expenditures. An additional USD 40 million will be allocated for interest capitalization.

“The signing of the loan and grant agreements under the DPO is another demonstration of the strong and reliable partnership with the World Bank. Behind each of these agreements lies the tremendous effort of all involved parties. In order to implement the Policy and Results Matrix measures, which were a key condition for the approval of the DPO Program, the Government has made substantial efforts.

We are sincerely grateful to the World Bank, Japan and Great Britain for their  long-standing and unwavering support to Ukraine during this extremely challenging period for our country. Since 2022, the World Bank has become a flagship in mobilizing financial resources by establishing a range of mechanisms and instruments through which Ukraine has attracted nearly USD 73 billion in credit and grant assistance from donors and partners. Despite all challenges, the timely and high-quality implementation of all assumed commitments remains one of the key priorities of Ukraine’s government reform agenda,” said Minister of Finance of Ukraine Sergii Marchenko.

The Development Policy Loan (DPL) is one of the World Bank’s key budget support instruments, enabling rapid direct disbursement of funds to the State Budget in exchange for the implementation of agreed political and institutional reforms.

The mobilization of USD 3.39 billion under the First Ukraine Jobs and Private Sector Growth Development Policy Operation was made possible through the implementation of a comprehensive package of reforms. To conclude these agreements, the Government and Parliament adopted 13 laws and 7 secondary legislative acts. The reforms cover strategic areas ranging from public procurement, factoring, and the integration of energy markets with the EU, to the reset of the agricultural sector, veteran entrepreneurship, housing policy, preschool and vocational education, as well as the restoration of greenhouse gas emissions monitoring.

These measures will systematically stimulate private capital inflows, attract skilled labor, and support cross-border market integration.

Since 2022, Ukraine has successfully implemented three DPL operations with the World Bank, signing four agreements totaling more than USD 5 billion.

Overall, in 2026, the World Bank agreed to provide Ukraine with nearly USD 4.4 billion under a new two-program series of Development Policy Loans.

The Second Ukraine Jobs and Private Sector Growth Development Policy Operation envisages additional USD 1 billion, which the Government plans to mobilize by the end of 2026 after fulfilling the triggers set out in the DPO Policy and Results Matrix.

Since 2022, cooperation between Ukraine and the World Bank has remained one of the key pillars of maintaining macro-financial stability, implementing structural reforms, and strengthening economic resilience amid the full-scale war.