The URTF supports projects developed jointly by the Government of Ukraine and the World Bank to advance Ukraine's relief, recovery, reconstruction, and reform priorities. Projects are implemented by Ukrainian government institutions and other eligible implementing agencies, with the World Bank providing financing, technical expertise, implementation support, supervision, and fiduciary oversight.
The trust fund supports operations that help restore essential services, repair critical infrastructure, strengthen government capacity, support economic recovery, and advance key reforms.
URTF-supported activities span sectors from education and health to energy, transport, housing, agriculture, and governance, and include Investment Project Financing (IPF), technical assistance (TA), and Program-for-Results (PforR) operations.
URTF-supported Projects
Project | Development Objective | Funding Needs | Funding Secured | Financing Gap |
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 mn | $290 mn – URTF grant | $295 mn |
Restoration Project of Winterization and Energy Resources Ukraine | Enable the restoration of essential energy services in Ukraine. | $500 mn | $403 mn – URTF grant |
$97 mn |
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 mn | $104 mn – URTF grant €100 mn – IBRD loan (guaranteed by Spain) €100 mn – co–financing CEB loan $100 mn – parallel co–financing KEXIM loan* $20 mn – GFF grant | $167 mn | |
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 mn | $256 mn – URTF grant $84 mn – Special Program for Ukraine and Moldova Recovery (SPUR)
| $491 mn | |
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 mn | $415 mn – URTF grant $230 mn – IBRD loan (credit enhancement from ADVANCE Ukraine TF backed by Japan) | $55 mn |
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. | $581 mn | $521 mn – IBRD loan (ADVANCE Ukraine TF – Japan) $155 mn – SPUR $60 mn – URTF grant $1 mn – GPEF grant | $130 mn |
Resilient, Inclusive, and Sustainable Enterprise (RISE) Program | Improve the enabling environment for a sustainable private sector–led recovery in Ukraine. | $1,063 mn | $761 mn – IBRD loan (ADVANCE Ukraine TF – Japan) $300 mn – SPUR $10 mn – URTF grant | $390 mn |
Supporting Reconstruction through Smart Fiscal Governance (SURGE) Program | Establish the institutional foundations for implementation and financing of climate–smart recovery and reconstruction. | $1,550 mn | $1.271 mn – IBRD loan (ADVANCE Ukraine TF – Japan) $300 mn – SPUR $40 mn – URTF grant (through the related STRONG project) | $553 mn |
Transforming Healthcare through Reform and Investments in Efficiency (THRIVE) Program | Improve the efficiency of public expenditure on health. | $1,194 mn | $693 mn – IBRD loan (ADVANCE Ukraine TF – Japan) $200 mn – SPUR $5 mn – URTF grant | $750 mn |
Delivering Resilient Infrastructure in Vulnerable Environments in Ukraine (DRIVE) Project | Improve the resilience of the national road network and enable transport sector operational efficiency. | $432 mn | $212 mn – IBRD loan (ADVANCE Ukraine TF – Japan) $210 mn – SPUR $10 mn – URTF grant | $0 mn |
Preparation of Resilient Projects to Advance Recovery of Ukraine (PREPARE Ukraine) | Support Ukraine in developing a pipeline of implementation–ready priority projects for reconstruction and recovery needs and build government's capacity in project preparation. | $200 mn | $51 mn – URTF grant |
$156 mn |
Public Expenditures for Administrative Capacity Endurance (PEACE) in Ukraine | Contribute to sustaining the government administrative and service delivery capacity to exercise core government functions at the national and regional levels. | $60 bn | $3.141 bn – IBRD (bilateral guarantees) $1.086 bn – IBRD loan (ADVANCE TF) $1.008 bn – IDA $4.8 bn – SPUR $26.656 bn – PEACE MDTFs $16.948 bn – F.O.R.T.I.S. FIF $685 mn – URTF grant | $5 bn |
TOTAL FINANCING GAP | $8.1 bn | |||
* KEXIM funds are not counted toward filling the project financing gap.
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 Government 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: Aug 31, 2026
