The objective of the F.O.R.T.I.S. Ukraine FIF is to provide a coordinated financing and support mechanism to assist Ukraine to sustain its administrative and service delivery capacity and to plan and implement its recovery, reconstruction and reform agenda. To this end, the F.O.R.T.I.S. Ukraine FIF will provide grants to finance non-military projects, programs, and activities consistent with objectives including sustaining macroeconomic stability, promoting the country’s reform agenda, restoring debt sustainability, ensuring coherence with the International Monetary Fund’s engagements with Ukraine, and advancing Ukraine’s recovery and reconstruction. Timely and predictable external financial support remains critical to maintaining Ukraine’s macroeconomic stability. The F.O.R.T.I.S. Ukraine FIF will (i) allow streamlined access to financial resources by implementing entities and (ii) accommodate the strong governance and operating requirements contributors seek in providing large-scale support.
The World Bank’s Board approved the planned establishment of this FIF on October 10, 2024.
