Sergii Marchenko meets with Heads of key international financial institutions in Rome

Minister of Finance of Ukraine Sergii Marchenko held meetings with the leadership of international financial institutions (IFIs) on the sidelines of the Ukraine Recovery Conference taking place on July 10-11 in Rome, Italy.

He met in particular with Managing Director of Operations at the World Bank Anna Bjerde, President of the European Investment Bank (EIB) Nadia Calviño, President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso, and IFC Vice President for Europe, Latin America, and the Caribbean Alfonso Garcia Mora.

Minister Marchenko emphasized the critical role IFIs play in supporting Ukraine’s macroeconomic stability during wartime. Discussions focused on the state of Ukraine’s economy, the war’s impact on public finances, the country’s financial support needs for 2026–2027, reforms, large-scale recovery, and the role of IFIs in this process.

With World Bank Managing Director Anna Bjerde, Marchenko discussed Ukraine’s financial needs in the coming years, ongoing cooperation programs, and continued reform implementation on the EU integration path.

From 2022–2025, the World Bank's project portfolio in Ukraine has become the largest in the history of cooperation. Ukraine has already received over USD 56.6 billion in budgetary support, including USD 32 billion in grants from partners mobilized via World Bank mechanisms. In total, over USD 81 billion has been mobilized to support Ukraine. Since the full-scale invasion began, the World Bank has launched 13 projects, attracting funding for social assistance, reconstruction of energy, transport and logistics infrastructure, damaged housing, and healthcare reform.

Sergii Marchenko thanked EBRD President Odile Renaud-Basso for prioritizing continued support for Ukraine as the Bank’s top priority for the next five years, with plans to increase operations in Ukraine to EUR 2.5-3 billion annually. 

Since russia’s full-scale invasion, the EBRD has mobilized over EUR 7 billion for projects in Ukraine. It actively supports energy security, liquidity and resilience of the public sector and SOEs, infrastructure restoration, and investment in MSMEs and the private sector. From 2022-2025, the Bank has allocated EUR 994 million for emergency gas procurement. Its current public sector portfolio includes 15 projects totaling EUR 3 billion.

With EIB President Nadia Calviño, Marchenko discussed continued EIB support and thanked her for the newly signed loan agreements between EIB and Ukraine, state companies, and banks totaling EUR 354 million. These include: EUR 134 million for “Transport Network Recovery,” EUR 120 million for “Hydropower Plant Recovery” (Ukrhydroenergo), EUR 50 million each for “Centralized Heating Supply of Ukraine” with Ukrgasbank and Oschadbank.

The EIB currently provides financial resources for critical infrastructure recovery - roads, railways, bridges, damaged energy sites, hospitals, and other social infrastructure. It also supports long-term recovery projects, including reconstruction of destroyed public buildings and infrastructure. With 24 active projects worth EUR 4.9 billion, the EIB holds one of the largest portfolios among international financial institutions in Ukraine. In 2025 alone, the Government of Ukraine and the EIB signed four loan agreements worth EUR 374 million and one grant agreement for EUR 15 million. Since the start of the full-scale invasion, the EIB has mobilized over EUR 2 billion in emergency financing, helping stabilize the economy and laying the foundation for Ukraine’s recovery.

At the meeting with Alfonso Garcia Mora, IFC Vice President for Europe, Latin America, and the Caribbean, Marchenko expressed gratitude for IFC’s support, including preserving institutional economic capacity, supporting Ukrainian SMEs - including in the IT sector - and developing a war risk insurance mechanism. Since the full-scale invasion, IFC has mobilized USD 1.4 billion for private sector investment in Ukraine. Its current investment portfolio includes 20 projects worth approximately USD 810 million.