Ukraine Signs $246.5M World Bank Loan to Boost Post-War Recovery | Ukraine news

The Japanese flag near the National Diet Building in Tokyo, Japan, on Monday, September 8, 2025. Getty Images/Kiyoshi Ota/Bloomberg

As reported by the Cabinet of Ministers’ press service Cabinet of Ministers’ press service

Ukraine has signed a loan agreement in the amount of 246.5 million US dollars from the World Bank, funded by the ADVANCE Ukraine fund with the support of the Government of Japan. The information was confirmed by the press service of the Cabinet of Ministers.

The SURGE project aims to create an effective system for managing public investments during the period of recovery and reconstruction after the war. By the end of 2025, approximately 229.7 million dollars is expected to be mobilized for the state budget, of which 16.8 million will be allocated to capitalizing interest in order to reduce the cost of servicing Ukraine’s debt obligations.

The SURGE project has been implemented in Ukraine since 2024. During this time, the World Bank has signed agreements with the country totaling over $760 million.

Key aspects of the SURGE agreement and its impact on the country’s recovery

“Collaboration within the SURGE project allows us not only to manage public investments and resources more effectively, but also to enhance the financial resilience of communities, transparency in the use of funds, and taxpayers’ trust,”

– Serhiy Marchenko, Minister of Finance of Ukraine

According to the head of the Ministry of Finance, such support strengthens financial stability and transparency in the use of funds in the context of the country’s recovery and underscores the strategic nature of cooperation with international partners.

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