Ukraine-Supporting Reconstruction through Smart Fiscal Governance (SURGE) Program - Second Additional Financing - Executive Directors Approval (Absence of Objection Basis)

Jul 19, 2026

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Executive Directors approved on Friday, June 26, 2026 an additional loan to Ukraine totaling US$584.25 million under the Supporting Reconstruction through Smart Fiscal Governance (SURGE) Program. The financing is supported by a credit enhancement from the Advancing Needed Credit Enhancement for Ukraine (ADVANCE Ukraine) Trust Fund, financed by the Government of Japan, and is provided on the terms set out in the President’s Memorandum (R2026-0151, dated June 9, 2026). Tatiana Sergeevna Delizonas requested that her position be recorded as objecting.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Executive Directors approval

Approval date and amount

Credit enhancement and funding source

Terms of the President’s Memorandum

Recorded objection note

FAQs

When was the additional loan approved and what was the amount?

The Executive Directors approved it on Friday, June 26, 2026, for US$584.25 million.

What support was used to back the financing?

A credit enhancement from the Advancing Needed Credit Enhancement for Ukraine (ADVANCE Ukraine) Trust Fund supports the loan.

What document and date set the loan’s terms and conditions?

The terms and conditions are set out in the President’s Memorandum (R2026-0151), dated June 9, 2026.

Jul 19, 2026

Upload by Violet