On 22 June 2026, the World Bank’s Board of Directors approved a new Development Policy Operation (DPO-1 2026) worth US$3.39 billion: of which US$1 billion is a DPO loan and US$2.35 billion is an additional grant. A number of other conditions and commitments have also been set out, which will enable Ukraine to receive assistance under DPO-2.
Ukraine and the IMF have reached a staff-level agreement on the first review of the programme. The agreement is subject to approval by the IMF Executive Board, which will consider it in July. It should be noted that, following the mission, the Fund’s experts stated that ‘all quantitative performance criteria and indicative targets as at the end of March had been met, whilst progress on structural reforms had slowed’.
Ukraine received the seventh tranche of funding from the EU under the Ukraine Facility, amounting to 2.75 billion euros, thanks to the flexibility of the methodology. However, the backlog in meeting the indicators under Ukraine’s Plan is growing, and the Plan has become even more ambitious due to the introduction of new indicators required to receive funding under the Ukraine Support Loan within the Ukraine Facility.
On 25 June, Ukraine received €3.2 billion from the EU under the Ukraine Support Loan as part of the macro-financial assistance programme. On 30 June, €3.9 billion from the EU was transferred to a special fund within the Ukrainian State Budget: the first instalment under the first defence tranche of €5.01 billion under the Ukraine Support Loan programme.

The recording of the discussion is available at the link: https://www.youtube.com/live/b4Iu3A6DATI