Ukraine-Social Protection Project for Inclusion, Resilience, Innovation, and Transformation (SPIRIT) - Absence-of-Objection Approval on May 28, 2026

Jul 19, 2026

Record of approval on an absence-of-objection basis for a Ukraine social protection initiative titled “Social Protection Project for Inclusion, Resilience, Innovation, and Transformation (SPIRIT)” approved on Thursday, May 28, 2026. The Executive Directors approved proposed Ukraine loans totaling US$860 million, comprising an IBRD loan of US$360 million supported by ADVANCE Ukraine Trust Fund credit enhancement financed by the Government of Japan, and an IBRD loan of US$500 million supported by a bilateral guarantee from the Government of the United Kingdom under the President’s Memorandum terms.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval Summary

Project and approval date

Loan amount and financing structure

Conditions referenced in the President’s Memorandum

FAQs

What project was approved on the absence-of-objection basis?

The Executive Directors approved the Social Protection Project for Inclusion, Resilience, Innovation, and Transformation (SPIRIT) for Ukraine.

When was the approval recorded?

The approval was recorded on Thursday, May 28, 2026.

How much funding was approved and how was it structured?

US$860 million was approved in total: US$360 million as an IBRD loan supported by ADVANCE Ukraine Trust Fund credit enhancement financed by Japan, and US$500 million as an IBRD loan supported by a bilateral guarantee from the UK.

Jul 19, 2026

Upload by Ava Thompson