This page will be updated as projects funded by the F.O.R.T.I.S. Ukraine Financial Intermediary Fund (FIF) are announced. As of September 2026, the F.O.R.T.I.S. Ukraine FIF Governing Committee has awarded FIF financing to three World Bank operations:
Growth Foundations DPO Series: On December 13, 2024, the F.O.R.T.I.S. Ukraine FIF Governing Committee approved a grant in the amount of $1 billion to be allocated to co-finance the Second Growth Foundations Development Policy Operation (DPO). The co-financing to this operation under the F.O.R.T.I.S. Ukraine FIF supports the Government’s reform program under the DPO, which aims to (i) strengthen the economic policy framework to facilitate a structural shift towards sustainable growth; and (ii) enhance macro-financial stability to create a growth-conducive environment and contribute to meeting Ukraine’s financing needs in 2025. On December 22, 2025, the Governing Committee approved an additional $2.35 billion in financing to the second operation of this DPO series.
PEACE: On December 13, 2024, the Governing Committee of the F.O.R.T.I.S. Ukraine FIF approved a grant in the amount of $15 billion to be allocated to the Eighth Additional Financing to the Public Expenditures for Administrative Capacity Endurance (PEACE) in Ukraine project. Financing through the F.O.R.T.I.S. Ukraine FIF has contributed to sustaining the government’s administrative and service delivery capacity to exercise core government functions at the national and regional levels. As of September 2026, more than $14.7 billion of the original award of $15 billion in FIF financing has been disbursed to the project.
Ukraine Jobs and Private Sector Growth DPO series: On December 22, 2025, the Governing Committee approved the use of $2.35 billion in F.O.R.T.I.S. Ukraine FIF resources to cofinance the First Ukraine Jobs and Private Sector Growth DPO. The development objective of this programmatic DPO series is to support the authorities’ efforts to (i) enable private sector financing and investment, (ii) attract skilled labor to jobs, and (iii) advance EU market integration. In addition to financing from F.O.R.T.I.S. FIF, the project, which was approved by the World Bank Board of Executive Directors in June 2026, is being supported by $1 billion in IBRD financing guaranteed by Japan and the United Kingdom.
*Approximately $700 million in interest earnings were disbursed to Ukraine under the two DPO operations.
