Ukraine and the World Bank are expanding cooperation to accelerate the implementation of priority reforms and strategic projects aimed at developing the Ukrainian private sector. According to the Ministry of Economy of Ukraine, cooperation with the World Bank has intensified significantly over the past year and a half.
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The government is interested in expanding the bank’s presence in the country, because its expertise and financial support play a key role in the implementation of reforms.
The “Reform Matrix” is a general project that is currently being worked on The Ukrainian government and the World Bank are working. Its goal is to coordinate the actions of partners in the field of economic reforms. In addition, the development of the RISE project continues, within the framework of which, during 2024–2027, the World Bank will allocate $1 billion in loans and $30 million in grant funds to Ukraine.
Sustainable, Inclusive and Sustainable Entrepreneurship Project ( RISE) will be implemented over the next 4 years. He seeks to support government reforms aimed at developing the private sector. RISE refinances expenses incurred within the framework of government support programs implemented by the Ministry of Economy, in particular, the “5-7-9%” and “eRobot” programs.