Russia’s invasion of Ukraine continues to inflict a devastating toll on the country and is causing serious global repercussions. Ukraine’s recovery, reconstruction, and operating needs are staggering. According to the Fourth Rapid Damage and Needs Assessment (RDNA4), the estimated cost of Ukraine’s recovery and reconstruction stands at $524 billion over the next decade. The biggest needs are in housing (33%), transport (21%), energy and extractives (12%), and commerce and industry (10%).
A Heavy Toll
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URTF: Supporting Ukraine’s Recovery, Resilient Reconstruction and Reform
The URTF is a key element of the Financing Mechanisms for Supporting Ukraine.
With a focus on strong government ownership and operational delivery, the trust fund is channeling grant resources effectively to meet Ukraine’s massive needs. The URTF is organized around two pillars:
- Help the Government of Ukraine sustain its administrative capacity, deliver services and conduct relief efforts.
- Plan and implement Ukraine’s recovery, reconstruction, and reform agenda.
The URTF Aims to Address the Uncertainty Resulting from the War by Supporting Flexible Programming That Can Respond to the Fast-Evolving Context
Urgent investment is needed to repair destroyed energy infrastructure, roads, bridges, housing, schools, and hospitals. To aid Ukraine’s economic recovery, the URTF is funding framework projects. These are Bank-supported emergency operations that mobilize partner resources through an innovative and flexible design. They reflect Ukraine’s relief needs outlined in the RDNA and are designed to be adaptable to events on the ground and scalable to integrate additional financing while making impact and disbursing rapidly. They have been designed based on robust technical analysis and follow the World Bank’s tested fiduciary, environmental, and social frameworks for monitoring and reporting.
Supporting this framework approach, URTF is ensuring that Ukrainian authorities can quickly and effectively utilize these critical investments and leverage the multiple sources of financing efficiently and at scale.
The URTF also plays a critical role in Ukraine’s path to reforms, as it supports activities that help implement reforms outlined in the Government’s Reforms Matrix, such as through the LEARN program for results.
Sustaining the government’s ability to deliver services is key to ensuring the long-term success of Ukraine’s recovery and reconstruction efforts. The URTF complements existing World Bank programs, including the Public Expenditures for Administrative Capacity Endurance (PEACE) project.
URTF-supported Projects
Project | Development Objective | Funding Needs | Funding Secured |
Repairing Essential Logistics Infrastructure and Network Connectivity (RELINC) Project | Provide the means for mitigating the immediate impact that disrupted transport networks have on Ukraine’s population and economy. | $585 million | $280 million - URTF grant |
Restoration Project of Winterization and Energy Resources Ukraine | Enable the restoration of essential energy services in Ukraine. | $500 million | $247 million - URTF grant |
Restore and improve access to essential mental health and rehabilitation services, address urgent needs for health services, and provide financial protection in the emergency context. | $500 million | $104 million - URTF grant €100 million IBRD loan €100 million - co-financing CEB loan $100 million - parallel co-financing KEXIM loan $20 million grant - GFF | |
Support affected households to regain adequate housing through resilient repair of damaged housing stock; and support national government in priority climate-resilient policy reforms. | $800 million | $225 million – URTF grant
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Ukraine Agriculture Recovery Inclusive Support Emergency (ARISE) Project | Maintain inclusive agricultural production and provide immediate and effective response to an eligible crisis or emergency. | $700 million | $365 million – URTF grant $230 million – IBRD loan through credit enhancement from ADVANCE Ukraine TF backed by Japan |
| Lifting Education Access and Resilience in times of Need (LEARN) in Ukraine Program | Improve teaching and learning conditions; and strengthen management capacity of the education system. | $550 million | $235 million – IBRD loan through credit enhancement from ADVANCE Ukraine TF backed by Japan $150 million – Special Program for Ukraine and Moldova Recovery (SPUR) $30 million – URTF grant |
| Resilient, Inclusive, and Sustainable Enterprise (RISE) Program | Improve the enabling environment for a sustainable private sector-led recovery in Ukraine. | $1,063 million | $283 million – IBRD loan through credit enhancement from ADVANCE Ukraine TF backed by Japan $300 million – Special Program for Ukraine and Moldova Recovery (SPUR) $10 million – URTF grant |
| Supporting Reconstruction through Smart Fiscal Governance (SURGE) | Establish the institutional foundations for implementation and financing of climate-smart recovery and reconstruction. | $1,550 million | $450 million – IBRD loan through credit enhancement from ADVANCE Ukraine TF backed by Japan $300 million – Special Program for Ukraine and Moldova Recovery (SPUR) $10 million – URTF grant (through the related STRONG project) |
| Transforming Healthcare through Reform and Investments in Efficiency (THRIVE) Program | Improve the efficiency of public expenditure on health. | $1,194 million | $249 million – IBRD loan through credit enhancement from ADVANCE Ukraine TF backed by Japan $200 million – Special Program for Ukraine and Moldova Recovery (SPUR) $5 million – URTF grant |
| Delivering Resilient Infrastructure in Vulnerable Environments in Ukraine (DRIVE) Project | Improve the resilience of the national road network and enable transport sector operational efficiency. | $507 million | $212 million – IBRD loan through credit enhancement from ADVANCE Ukraine TF backed by Japan $210 million – Special Program for Ukraine and Moldova Recovery (SPUR) $75 million – Government of Ukraine's counterpart funding $10 million – URTF grant |
World Bank Value Proposition
- Longstanding partnership with Ukraine. Over the past three decades, the Bank has implemented nearly 100 development projects and programs in Ukraine and deeply engaged with the authorities on the country’s critical reform agenda.
- Implementation capacity to support large-scale programs in partner countries, demonstrated all over the world.
- Expertise in convening, mobilizing and coordinating global support for countries impacted by fragility, conflict and violence.
- Global and multisectoral knowledge in relevant areas, including health, education and structural reforms.
- Ability to unlock private sector investment and technical assistance in support of Ukraine’s relief, recovery and resilient reconstruction efforts.
Last Updated: Apr 17, 2025
