Contribution to the Special Program for Ukraine and Moldova Recovery (SPUR) - IDA Crisis Facility- Worldbank

SPUR resources will contribute to reducing the financing gap and scaling up Bank-led initiatives, working in tandem with IBRD and URTF programs. URTF provides immediate initial financing and programming commitments to relief and recovery projects as quickly as funds are raised. It will also serve as a long-term source of available donor funds for reconstruction and reform. Given the significant long-term reconstruction costs, URTF alone will not be able to meet Ukraine’s overall financing needs. Complementing the URTF, SPUR – benefitting from its leveraging potential – will support both recovery and reconstruction, together with the IBRD, which can support loans to state-owned enterprises (SOE), budget support where possible, and other high-priority investments.

Provide emergency financing and recovery support in response to the Russion invasion in Ukraine.

Helped sustain government services and early recovery efforts in Ukraine and Moldova.