[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111969-en":3,"doc-seo-111969-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},111969,687197207919,"Theodora","https://ap-avatar.wpscdn.com/avatar/a000253d6f5f7c60be?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779446848396160552",8,"Research & Report","ESTABLISHMENT OF A FINANCIAL INTERMEDIARY FUND - FOR UKRAINE - October 10, 2024","Paper outlines the context, objectives, proposed structure, governance, and operating model for establishing a Financial Intermediary Fund (FIF) for Ukraine. It links the fund’s need to the ongoing invasion impacts, including widespread civilian harm, displacement, job and income losses, food insecurity, inflation, and rising poverty. It details focus areas for financing, operating modalities through governing and implementing entities, alternatives considered, key risks, mitigation measures, and next steps for Executive Directors’ approval.","Public Disc losure Authorized  \nPub lic Disc losure Authorized  \nESTABLISHMENT OF A FINANCIAL INTERMEDIARY FUND  \nFOR UKRAINE  \nOctober 10, 2024  \nABBREVIATIONS AND ACRONYMS  \n\n| EBRD | European Bank for Reconstruction and Development |\n| --- | --- |\n| EU | European Union |\n| FCV | Fragility, Conflict, and Violence |\n| FIF | Financial Intermediary Fund |\n| IBRD | International Bank for Reconstruction and Development |\n| IFC | International Finance Corporation |\n| MIGA | Multilateral Investment Guarantee Agency |\n| PSO | Private Sector Opportunities |\n| RDNA | Rapid Damage and Needs Assessment |\n| UDP | Ukraine Donor Platform |\n| URTF | Ukraine Relief, Recovery, Reconstruction, and Reform Trust Fund |\n| WBG | World Bank Group |\n\nTABLE OF CONTENTS  \nI. Introduction ........................................................................................................................................... 1  \nII. Country Context and the WBG’s Experience ....................................................................................... 1  \nA. Context .............................................................................................................................................. 1  \nB. Why is this FIF needed?.................................................................................................................... 2  \nIII. The Proposed FIF.............................................................................................................................. 3  \nA. Objectives and Value Added............................................................................................................. 3  \nB. Focus Areas for Financing ................................................................................................................ 4  \nIV. Proposed Structure, Governance and Operating Arrangements........................................................ 4  \nA. Governing Committee....................................................................................................................... 5  \nB. Secretariat ......................................................................................................................................... 5  \nC. Trustee............................................................................................................................................... 5  \nD. Implementing Entities ....................................................................................................................... 6  \nE. Operating Modalities ........................................................................................................................ 6  \nV. Alternatives Considered ........................................................................................................................ 7  \nVI. Risks and Mitigation Measures ......................................................................................................... 7  \nVII. Conclusion and Next Steps ............................................................................................................... 9  \nESTABLISHMENT OF A FINANCIAL INTERMEDIARY FUND  \nFOR UKRAINE  \nI. Introduction  \n1. This Paper set out the context, objective, structure, governance, and operating model for the establishment of a Financial Intermediary Fund (FIF) for Ukraine. In line with the FIF Directive 1, it seeks approval from the Executive Directors for the establishment of the proposed FIF for Ukraine.  \nII. Country Context and the WBG’s Experience  \nContext  \n2. Russia’s ongoing invasion of Ukraine continues to inflict terrible damage on the people, physical infrastructure, and economy of the country. The Office of the High Commissioner for Human Rights2 has recorded some 34,000 Ukrainian civilian casualties, including more than 11,200 civilian deaths. More than 6.3 million people have fled abroad, and millions remain internally displaced.3 Loss of private sector jobs and income, risks t","cbCair78wxdttc1y","https://ap.wps.com/l/cbCair78wxdttc1y","pdf",453322,2,1,12,"English","en",105,"# Introduction\n# Country Context and the WBG’s Experience\n## Context\n## Why is this FIF needed?\n# The Proposed FIF\n## Objectives and Value Added\n## Focus Areas for Financing\n# Proposed Structure, Governance and Operating Arrangements\n## Governing Committee\n## Secretariat\n## Trustee\n## Implementing Entities\n## Operating Modalities\n# Alternatives Considered\n# Risks and Mitigation Measures\n# Conclusion and Next Steps","[{\"question\":\"What is the purpose of establishing a Financial Intermediary Fund (FIF) for Ukraine?\",\"answer\":\"The paper sets the objective and model to seek Executive Directors’ approval for establishing the proposed FIF for Ukraine, grounded in the country’s urgent recovery and financing needs.\"},{\"question\":\"Why is the FIF needed given the current situation in Ukraine?\",\"answer\":\"Ongoing invasion has caused major damage to people, infrastructure, and the economy, driving displacement, job/income losses, food insecurity, high inflation, and a significant increase in poverty.\"},{\"question\":\"How will the proposed FIF be structured and governed?\",\"answer\":\"The paper describes governance and operating arrangements, including a governing committee, secretariat, trustee, implementing entities, and the operating modalities for fund execution.\"}]",1784492563,30,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":28},"establishment-of-a-financial-intermediary-fund-for-ukraine-october-10-2024","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,47,50],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":20},"https://docshare.wps.com/document/","Document",{"item":48,"name":12,"@type":43,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":43,"position":52},"https://docshare.wps.com/document/establishment-of-a-financial-intermediary-fund-for-ukraine-october-10-2024/111969/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":24,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-24","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What is the purpose of establishing a Financial Intermediary Fund (FIF) for Ukraine?","Question",{"text":75,"@type":76},"The paper sets the objective and model to seek Executive Directors’ approval for establishing the proposed FIF for Ukraine, grounded in the country’s urgent recovery and financing needs.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Why is the FIF needed given the current situation in Ukraine?",{"text":80,"@type":76},"Ongoing invasion has caused major damage to people, infrastructure, and the economy, driving displacement, job/income losses, food insecurity, high inflation, and a significant increase in poverty.",{"name":82,"@type":73,"acceptedAnswer":83},"How will the proposed FIF be structured and governed?",{"text":84,"@type":76},"The paper describes governance and operating arrangements, including a governing committee, secretariat, trustee, implementing entities, and the operating modalities for fund execution.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,122,127,130,134],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":46,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":46,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":29,"slug":121},"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]