Ukraine-Second Growth Foundations Development Policy Operation Chair Summary - Chair Summary - Approved record status

Jul 19, 2026

Ukraine-Second Growth Foundations Development Policy Operation Chair Summary records Executive Directors’ discussion of an IBRD loan of US$1.051 billion for Ukraine under the Second Growth Foundations Development Policy Loan. Directors endorsed the operation, noting bilateral support from Japan and the United Kingdom, and highlighted progress toward reforms opening markets and strengthening the financial sector. The summary emphasizes macro-financial stability, renewable energy, domestic resource mobilization, debt sustainability, governance and public financial management, risk mitigation, and coordination with the EU, other MDBs, and the IMF, including replication of lessons in other FCV countries.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Key Approval and Loan Terms

Funding Amount and Program Basis

Support for Strategic Reform Priorities

Market Opening and Financial Sector

Renewable Energy and Macro-Financial Stability

Governance, Resources, and EU Alignment

Domestic Resource Mobilization and Debt Sustainability

Public Financial Management and Procurement

Risk Assessment and Coordination Commitments

International Assurances and Mitigation

Collaboration with EU, MDBs, IMF

Replication in FCV Countries

FAQs

What loan was approved for Ukraine and under what operation framework?

An IBRD loan of US$1.051 billion was approved for Ukraine under the Second Growth Foundations Development Policy Loan, on the terms and conditions set out in the President’s Memorandum.

What reform areas did Directors emphasize during the discussion?

Directors emphasized strengthening the economic policy framework for sustainable growth and macro-financial stability, including renewable energy, reforms to open markets, and strengthening the functioning of the financial sector.

How did Directors address risks and international coordination?

Directors noted the operation’s overall high risk and stressed international financing assurances and risk mitigation. They also welcomed the One World Bank Group approach and asked for close coordination with the EU, other MDBs, and the IMF, including replication of lessons learned in other FCV countries.

Jul 19, 2026

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