Gdańsk, June 29, 2026-At the 2026 Ukraine Recovery Conference (URC), the World Bank Group announced new financing, partnerships, and risk-sharing initiatives that will help mobilize billions in public and private investment to create jobs, rebuild critical infrastructure, and accelerate Ukraine's recovery.
The conference reflected a shared conviction that reconstruction is not only about rebuilding what was destroyed, but about building the foundations for a stronger economy and a stronger society. The task now is to stretch every dollar further: to advance the reforms that give investors, donors, and Ukrainians confidence; boost energy security; and use public financing as a catalyst for private investment. Key announcements from the week include:
Supporting Reform and Reconstruction
A new $3.39 billion operation will help Ukraine advance reforms to strengthen its private sector, attract investment, address labor shortages, and advance integration with European markets. The World Bank is providing the financing through mobilization of donors channeling funds through the World Bank and using a combination of lending, supported by the Government of Japan through the ADVANCE Ukraine Trust Fund, a guarantee from the Government of the United Kingdom, and grant financing from the F.O.R.T.I.S. Financial Intermediary Fund.
A new financing platform could mobilize up to $6 billion to help Ukraine maintain essential services and advance recovery during the invasion. The World Bank's Special Program for Ukraine Recovery 2.0 is designed to leverage donor contributions by up to three times, with a target of approximately $2 billion in donor support.
Several donor contributions were announced, including €55 million from the Netherlands and €15 million from Germany through the Kreditanstalt für Wiederaufbau (KfW) development bank to the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF) to support the Government of Ukraine's priorities, including energy, private sector development, and reforms.
Expanding Energy Capacity
Ukraine's new energy vision sets out a path toward a more decentralized, resilient, and secure energy system. Presented at URC by the Government of Ukraine and the World Bank Group, it identifies a core reform package and about $26 billion in "no-regret" investments, with World Bank Group support to help turn priorities into projects supported by public and private sector financing that deliver power, jobs, and resilience.
Ukraine's wind energy capacity will expand through a new onshore project supported by a financing agreement with Notus Energy GmbH. IFC intends to provide a €70 million financing package, supported by the European Commission, France, and Norad, alongside financing from the EBRD, Swedfund, and the Belgian Investment Company for Developing Countries (BIO). The project is the first under the IFC-EBRD Mutual Reliance Framework.
A second wind project will strengthen Ukraine's energy security while supplying electricity to homes and businesses. IFC is providing €50 million in financing for OKKO Group's wind project, supported by the European Commission and Norad, alongside co-financing from the EBRD, British International Investment, the Black Sea Trade and Development Bank, and Swedfund.
Approximately 1,000 megawatts of new energy and battery storage capacity could be developed through the Renewable Acceleration and Market Development for Ukraine (RAMP UP) program. The World Bank Group and the EBRD are leading the initiative with the Government of Ukraine and development partners to help mobilize around €1.5 billion in private investment.
Mobilizing Private Investment
More private investment in Ukraine could be unlocked through expanded political risk insurance for reconstruction projects. The World Bank Group and the U.S. International Development Finance Corporation (DFC) signed a Memorandum of Understanding establishing the Ukraine Reconstruction Investment Fund-Political Risk Insurance (URIF-PRI) framework, under which MIGA and DFC will coordinate political risk insurance for eligible investments.
Since February 2022, MIGA has issued more than $950 million in political risk insurance for investments in Ukraine, including more than $600 million in new guarantees. This support helps private investors manage invasion-related risks and invest in sectors critical to Ukraine's recovery.
Ukraine's state-owned enterprises will receive support to improve governance, strengthen performance, and attract strategic private investors. The World Bank Group and the EBRD signed a Memorandum of Understanding with the Government of Ukraine to advance these reforms.
