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Russia’s invasion of Ukraine is a tragedy that is having far-reaching human and economic impacts. To support the continuation of essential government services, the World Bank has mobilized more than $20.6 billion in emergency financing, including commitments and pledges, which includes grants, guarantees, and linked parallel financing from the US, UK, European countries, and Japan. As of February 24, 2023, more than $18.5 billion has been disbursed through World Bank projects and trust funds, as well as additional funds through parallel disbursements. In total, half of all the economic assistance committed to supporting Ukraine has been mobilized through the World Bank. This support has reached more than 12 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.

Keeping government capabilities and functions intact is critical to the success of recovery and reconstruction. Without adequate support to keep the government running and to provide minimal essential services, 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, and the population can have heat.

Ukraine In Numbers

  • GDP decreased by 30% in 2022 (Gov’t of Ukraine estimates).
  • 8 million additional Ukrainians estimated to live in poverty by the end of 2022.
  • 15-year setback in poverty reduction goals.
  • Ukraine needs about $3-4bn/month for essential services in CY23.


In Depth

Additional Resources

Country Office Contacts

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