Since Russia’s invasion of Ukraine in February 2022, the World Bank has been working with international partners to mobilize fast-disbursing funds to help the Government of Ukraine sustain critical government services at national and regional levels, including providing essential public services, pensions for the elderly, and social programs for the vulnerable.
The Public Expenditures for Administrative Capacity Endurance (PEACE) Project provides support for the payment of pensions for the elderly, grants to internally displaced persons, and wages for teachers, first responders and emergency services staff. The World Bank has deployed a range of mechanisms designed to monitor service delivery and check for fraud and corruption. The funds are transmitted to the Government of Ukraine after the World Bank receives verification of eligible expenditures.
PEACE is an integral part of the international support package for Ukraine to meet its financing needs through 2024 – over 90% of the financing comes from donor countries.
Government programs in Ukraine supported through the PEACE mobilized financing include:
- Pensions
- Social assistance for the poor
- Social assistance to compensate payment of utility bills
- Social assistance for children with disabilities
- Grants to internally displaced persons
- Payments to hospitals and clinics for health service delivery
- Wages to State Emergency Service staff
"The toll of destruction, damage, and dislocation in Ukraine is staggering and continues to grow. The support of the international community so far has been impressive. The Ukrainian people have a long road to recovery ahead and development partners will need to continue to pull together to support Ukraine’s reconstruction."
"There is an enormous need for resources to sustain the daily delivery of essential services, as well as for reconstruction. As such, our development partners have come together, each bringing to the table their respective areas of strength. As the focus turns to recovery and reconstruction, it will also be critical to increase attention to reforms, transparency, and governance, as Ukraine prepares for a transition to post-war recovery. Supporting the continuation of essential social services will support a more successful and less costly recovery and reconstruction."