Ukraine has received USD 133 million from the World Bank under the SURGE project "Supporting Reconstruction through Smart Fiscal Governance". The funds were transferred to the general fund of the state budget.
This is stated in the message of the Ministry of Finance, the Ukrainian News agency reports.
Ukraine is expected to receive another USD 396 million under the project by the end of the year, including USD 230 million in additional project financing.
The project is being implemented using the Program-for-Results (PforR) financial instrument, which is based on the achievement of specific disbursement-related indicators.
The SURGE project has been implemented in Ukraine since 2024.
During this time, the World Bank has signed agreements with Ukraine for more than USD 1 billion in financing under the project, including USD 10 million in grants.
As the Ukrainian News agency earlier reported, Ukraine has previously received a tranche of macro-financial assistance from the European Union in the amount of EUR 4 billion under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) mechanism.
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