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Ukraine In Numbers

  • GDP projected to grow by 0.5% in 2023 after contracting about 30% in 2022.
  • 7.1 million additional Ukrainians are estimated to live in poverty.
  • 15-year setback in poverty reduction goals.
  • Ukraine needs $11 billion for repairs and essential services in CY23.

Now in its second year, Russia’s invasion of Ukraine is a tragedy with far-reaching human and economic impacts. Ukraine’s operating, recovery, and reconstruction needs are staggering. To support the continuation of essential government services over the last year, the World Bank Group has mobilized more than $38 billion in emergency financing, including commitments and pledges, which includes grants, guarantees, and linked parallel financing from the US, UK, European countries, and Japan. This includes $3.4 billion on the World Bank’s own balance sheet, with another $6.5 billion on the Bank balance sheet planned over the next 12 months.

As of April 2, 2023, more than $20 billion has been disbursed through World Bank projects and trust funds, as well as additional funds through parallel disbursements. About half of all the economic assistance for Ukraine has been mobilized through the World Bank. This support has reached 13 million Ukrainians, and is helping to provide wages for hospital workers, government and school employees, pensions for the elderly, salaries for public servants, and social programs for the vulnerable.

Providing adequate budget support to keep the government running and to provide minimal essential services is critical, because otherwise it will become much more expensive to rebuild and recover the economy and more people could fall into poverty.

Recovery (emergency repairs) must run simultaneously with continued support for essential services, and this is a big part of our current focus. In addition to budget support,

Ukraine needs urgent investment for pressing repairs – to energy infrastructure, roads, bridges, housing, schools, and clinics – to ensure that services can be delivered. 


In Depth

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Country Office Contacts

Kyiv, (380 44) 490-6671
1, Dniprovskiy Uzviz, 2nd Floor, Kyiv 01010, Ukraine