1. Mission Overview
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Duration: 2–6 June 2025
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Participants: World Bank economic-policy team, Ukrainian Ministry of Finance, other government agencies
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Objective: Define policy triggers and fiscal parameters for a Development Policy Operation (DPO) worth ≥ USD 1 billion from the International Bank for Reconstruction and Development (IBRD)
2. Precedent and Fiscal Context
| DPO inflows, 2024 | USD 3.5 billion |
|---|---|
| Allocation | General fund of the state budget |
| Reform areas supported | Customs & tax, SOE governance, energy, banking, private-sector development |
3. Reform Package Under Discussion
| Pillar | Illustrative Measures |
|---|---|
| Macro-fiscal stability | Continued tax-administration modernisation; SOE oversight enhancements |
| Social policy | Launch of basic social assistance pilot (1 Jul 2025) — consolidates multiple transfers into a base stipend of UAH 4,500 per eligible recipient |
| Demographics & family support | Draft law to revise childbirth benefits and post-natal support, aiming to raise birth rates and labour-force participation |
4. Indicative Timetable
| Milestone | Target Date |
|---|---|
| Finalise reform matrix | End-June 2025 |
| Ukraine completes agreed actions | By end-October 2025 |
| World Bank Board approval | November 2025 |
| Disbursement to state budget | December 2025 (earliest) |
5. Official Commentary
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Olha Zykova, Deputy Finance Minister: Prior DPO resources “covered priority expenditures and advanced structural reforms.”
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Roman Yermolychev, Deputy Finance Minister: Basic-assistance pilot represents “a new approach to social support, consolidating several benefits into one.”
The mission’s success will determine the release of at least USD 1 billion in budget support, anchoring Ukraine’s medium-term fiscal and social-policy agenda while international partners continue broader reconstruction financing.
