Earlier this week, the World Bank Group said it was ready to allocate $350 million to Ukraine as part of a plan for short- and long-term financing for the country.

The country’s partners have already pledged over $5 billion in financial aid in a move to support Ukraine’s economy and reform agenda amid anticipation of a military conflict with Russia. Funds include loans and grants from the U.S., Canada, Japan, France, Sweden and other countries. Last month, the EU proposed a 1.2 billion euro financial aid package to Kyiv to mitigate the effects of the conflict with Moscow. Washington boosted its support by offering a sovereign loan guarantee of up to $ 1 billion to support Ukraine’s economic reform agenda.

Separately, the International Monetary Fund (IMF) mission started discussions with the authorities of Ukraine on the second revision of the cooperation programme.

Talks led by Ivanna Vladkova Gollar from the IMF will be held online this week.

In November 2021, the International Monetary Fund, following the first review of the stand-by (SBA) programme, agreed on the allocation of a loan tranche to Ukraine in the amount of about $700 million.