WASHINGTON, Dec. 20, 2022—The World Bank Group today announced a new financing package that includes projects to boost relief and recovery efforts for Ukraine amid the ongoing war. The World Bank will provide additional financing of $500 million through an IBRD loan that is supported by a guarantee from the United Kingdom for the same amount and mobilized under the Public Expenditures for Administrative Capacity Endurance (PEACE) Project. The World Bank will also support Ukraine with a new project to restore and improve access to health care and address new and urgent needs for health services due to the war.
The new financing package adds to several previously announced packages for the PEACE project, including the $1.49 billion Investment Project Financing (IPF) in June, the $4.5 billion in grant financing approved in August, the $530 million in loan guarantees in September 2022, and another $4.5 billion in grant financing approved in November 2022.
The additional $500 million in IBRD lending for the PEACE Project will help the Government of Ukraine with expenditures related to child and family benefits, salaries of public employees, and utility payments. Maintaining these critical public services is essential to limiting the loss of human capital and rebuilding the country and its economy after the war. To date, we estimate that 12 million people in Ukraine have benefitted from the PEACE project.
Since February 2022, the World Bank has mobilized over $20.6 billion in financial support to Ukraine, of which over $18 billion has been disbursed to date (March 9, 2023).
Current Support Mobilized by the World Bank
Financing of Recovery from Economic Emergency in Ukraine (FREE Ukraine)
Supplemental Budget Support (FREE SDLP):
$350 million
Bilateral Guarantees:
Netherlands --- $84 million
Sweden --- $50 million
$134 million
Bilateral Grant Financing to FREE Multi Donor Trust Fund:
United States --- $1,000 million
UK --- $92 million
Norway ---- $31 million
Denmark --- $22 million
Austria --- $11 million
Latvia --- $5.5 million
Lithuania --- $5.5 million
Iceland --- $1 million
$1,168 million
Public Expenditures for Administrative Capacity Endurance (PEACE)
Emergency Public Service Support IPF (PEACE):
$1,000 million
Bilateral guarantees to PEACE IPF:
UK --- $1,450 million
Denmark --- $30 million
Netherlands --- $21 million
Latvia --- $10 million
Lithuania --- $10 million
$1,521 million
Bilateral Grant Financing to PEACE MDTF:
US --- $12,800 million
Germany [Kreditanstalt für Wiederaufbau (KFW)] --- $51.5 million
Spain [Ministry of Economic Affairs and Digital Transformation] --- $50.1 million
Finland [Ministry for Foreign Affairs] --- $21.3 million
Ireland [Department of Foreign Affairs] --- $21.1 million
Switzerland [State Secretariat for Economic Affairs (SECO)] --- $10.3 million
Belgium [Directorate General for Development Cooperation and Humanitarian Aid] --- $3.1 million
Iceland [Ministry of Foreign Affairs] --- $1.6 million
$12,959 million
Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF)
Norway --- $100 million
Netherlands --- $95 million
Canada --- $83.5 million
Switzerland --- $58 million
Austria --- $21 million
Sweden --- $14 million
Lithuania --- $5 million
Iceland --- $2.5 million
$379 million
Contributions to Health Enhancement and Lifesaving (HEAL) Project
Spain --- $100 million
GFF grant --- $10 million
$110 million
Special Transfer through US Single Donor Trust Fund: $1,700 million
Other World Bank Lending (Restructurings & Current Portfolio): $656 million
Japan Parallel Budget Support Linked World Bank FREE SDPL: $600 million
Under preparation for the Second Ukraine Power Transmission Project: $40 million
Total Mobilized to Date
$20,617 billion
(Total Disbursed to Date)
($18,601 billion)
WASHINGTON, Dec. 20, 2022—The World Bank Group today announced a new financing package that includes projects to boost relief and recovery efforts for Ukraine amid the ongoing war. The World Bank will provide additional financing of $500 million through an IBRD loan that is supported by a guarantee from the United Kingdom for the same amount and mobilized under the Public Expenditures for Administrative Capacity Endurance (PEACE) Project. The World Bank will also support Ukraine with a new project to restore and improve access to health care and address new and urgent needs for health services due to the war.
The additional $500 million in IBRD lending for the PEACE Project will help the Government of Ukraine with expenditures related to child and family benefits, salaries of public employees, and utility payments. Maintaining these critical public services is essential to limiting the loss of human capital and rebuilding the country and its economy after the war. To date, we estimate that 12 million people in Ukraine have benefitted from the PEACE project.
一语中的。整个国家基于一个领导人偏执的喜好而发展，完全是误入歧途。