Ukraine will receive $2 billion through the World Bank's DPL facility from the US, Japan, and the United Kingdom. Loan and Grant Agreements signed

The Minister of Finance of Ukraine Sergii Marchenko and World Bank Regional Country Director for Eastern Europe Bob Saum signed financial agreements under the Bank's Growth Foundations Development Policy Loan (DPL) program. The total amount of the signed agreements is USD 2 billion.

A USD 1 billion grant agreement was signed. These are the first funds from the Facilitation of Resources to Invest in Strengthening Ukraine Financial Intermediary Fund (F.O.R.T.I.S. Ukraine FIF) hosted by the World Bank. This funding is received from the U.S. government’s $20 billion Extraordinary Revenue Acceleration (ERA) loan, which is part of the G7 commitment to support Ukraine with $50 billion secured by proceeds from immobilized Russian sovereign assets.

Additionally, a Loan Agreement was signed for USD 1.05 secured by guarantees from the Governments of Japan (USD 567 million) and the United Kingdom (USD 483 million).

“The United States, Japan, and the United Kingdom remain key strategic partners of Ukraine, whose support has enabled the launch and successful implementation of numerous impactful initiatives since the start of the full-scale invasion. Through the DPL project, we have been able not only to secure essential resources to sustain the State Budget but also to drive economic recovery and development. Ukraine has diligently undertaken the necessary reforms to advance sustainable economic growth and work towards European integration. I would also like to express my gratitude to the World Bank for establishing mechanisms that effectively mobilize donor contributions, further strengthening our resilience and capacity for progress,” said Sergii Marchenko.

On December 17, the World Bank's Board of Directors approved financing under the DPL for Ukraine. DPL is a systemic project aimed at supporting reforms in Ukraine. The funds are received based on the completion of agreed upon reform milestones and provided to the general fund of the State Budget as a single tranche.

The key reforms support strengthening the economic policy framework towards sustainable growth, including ones related to the railways, customs and tax policy, anti-corruption, state-owned enterprises, and development of the private sector.

The funds are expected to be disbursed to the State Budget of Ukraine in the coming days.