Ukraine’s Minister of Finance Serhii Marchenko and World Bank Regional Director for Eastern Europe and Central Asia Bob Saum signed a package of agreements under the First Ukraine Jobs and Private Sector Growth Development Policy Operation (DPO) totaling $3.39 billion.
The signing took place on the margins of the Ukraine Recovery Conference (URC 2026), held in Gdańsk on June 24–26.
The signing ceremony was also attended by Deputy Minister of Finance of Ukraine Olha 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:
The conclusion of these agreements will allow loan and grant funds totaling $3.35 billion to be credited to the general fund of Ukraine’s State Budget by the end of June 2026, to be directed toward supporting Ukraine’s macrofinancial stability and financing priority state budget expenditures. $40 million will be directed toward interest capitalization.
“The signing of the loan and grant agreements under the DPO is yet another testament to our reliable partnership with the World Bank. Behind each of these agreements lies the titanic work of all parties involved. The Government made enormous efforts to implement the measures set out in the Policy and Results Matrix, which was a key condition for the DPO’s approval. We are sincerely grateful to the World Bank, Japan, and the United Kingdom for their steadfast, long-standing support of Ukraine during this extraordinarily difficult time. Since 2022, the World Bank has become the flagship for mobilizing financial resources by establishing a range of mechanisms and instruments through which Ukraine has attracted nearly $73 billion in loan and grant assistance from donors and partners. Despite all the challenges, the timely and high-quality fulfillment of all commitments made remains one of the key priorities of Ukraine’s government reform program,” said Minister of Finance of Ukraine Serhii Marchenko.
A Development Policy Loan is one of the World Bank’s key budget support instruments, enabling the rapid direct transfer of funds to the state budget in exchange for the implementation of agreed policy and institutional reforms.
Securing $3.39 billion in financing under the First Ukraine Jobs and Private Sector Growth Development Policy Operation was made possible through the implementation of a comprehensive reform package. To enable the signing of these agreements, the Government and Parliament adopted 13 laws and 7 bylaws. The reforms span strategic areas: from public procurement, factoring, and energy market integration with the EU to the transformation of the agricultural sector, veteran entrepreneurship, housing policy, preschool and vocational education, and the restoration of greenhouse gas emissions monitoring. These steps will systematically stimulate the inflow of private capital, attract skilled labor, and advance cross-border market integration.
Since 2022, Ukraine has successfully completed three Development Policy Loan operations with the World Bank, signing four agreements totaling more than $5 billion. In total, in 2026, the World Bank has agreed to provide Ukraine with nearly $4.4 billion under a new two-operation Development Policy Loan series.
The Second Ukraine Jobs and Private Sector Growth Development Policy Operation envisages an additional $1 billion, which the Government plans to mobilize by the end of 2026 following the fulfillment of the DPO Policy and Results Matrix triggers.
Since 2022, Ukraine’s partnership with the World Bank has remained one of the key pillars of macrofinancial stability support, structural reform implementation, and economic resilience under conditions of full-scale war.
