World Bank mobilizes $80 billion to reconstruct Ukraine

[ancianita]

By the time Ukraine wins no one in the world will believe the felon should get any credit.

https://www.vaticannews.va/en/world/news/2025-07/world-bank-mobilises-80-billion-reconstruct-ukraine-bjerde.html

https://en.wikipedia.org/wiki/World_Bank

The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe.[6] Over time, it focused on providing loans to developing world countries.[7] In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction.[7] For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by environmental and social safeguards.

As of 2022, the World Bank is run by a president and 25 executive directors, as well as 29 various vice presidents. IBRD and IDA have 189 and 175 member countries, respectively. The U.S., Japan, China, Germany and the U.K. have the most voting power. The bank aims loans at developing countries to help reduce poverty. The bank is engaged in several global partnerships and initiatives, and takes a role in working toward addressing climate change. The World Bank hosts an Open Knowledge Repository for its publications.

In 2020, the World Bank's total commitments amounted to USD 900.1 billion, it had 12,300 full-time staff, and it operated in 145 countries.[4] World Bank projects cover a range of areas from building schools to fighting disease, providing water and electricity, and environmental protection.[4]

[erronis]

1. Perhaps more relevant to your title, these excerpts from the Vatican News article:

The Ukraine Recovery Conference, held in Rome on July 10-11, brought together government officials, international organizations, and financial institutions to strategize about ways to support the war-torn country.

One of the attendees was Ukrainian President Volodymyr Zelensky, fresh from a visit to Pope Leo XIV at Castel Gandolfo on Wednesday.

Another was Anna Bjerde, Managing Director of Operations at the World Bank, who spoke to Vatican News.

Q: More than three years have passed since the beginning of the war in Ukraine. What have been the World Bank’s main contributions so far to the reconstruction of the country?

Anna Bjerde: The World Bank Group, like so many others, has really stepped up to make sure that we could support Ukraine during this very difficult time, providing significant amounts of financing, both our own and also mobilizing resources from Ukraine's main development partners by setting up various platforms and trust funds and ways of channeling funds to Ukraine.

Our focus has been threefold. One focus is to help the government provide essential services like paying for teachers, paying for medical support, paying for a social safety net.

The second has been to support the quick recovery and repair of infrastructure that's being damaged on an ongoing basis, particularly in areas like energy and housing. And the third area has been to start planning for tomorrow.

So that's involved quite a bit of diagnostics and economic modeling to see what might be areas of major growth. In total, we’ve mobilized about $81 billion for Ukraine, both public and private.

. . .

Thanks for bringing this article to DU!

[ancianita]

2. Thank you for posting this. I thought of it, but decided to just leave the curious to read the link.

[erronis]

3. Makes sense. This is why I like replies that can sometimes add more context/content.

[ancianita]

4. Glad you think so, erronis, and glad you posted more from it.

[WarGamer]

5. How do you define winning?

To win... wouldn't they need a single month in the last maybe... 2 years where they didn't cede ground?

Do you think they're about to launch another counter attack like in 2023?

[ancianita]

6. Putin withdrawing what's left of his troops.

Not sure about the timeline or land regained that constitutes a once-and-for-all win. But whatever a win is called for Ukraine -- with or without a peace treaty -- I'd expect that a wide demilitarized zone be part of that reality so that Ukrainians never suffer land/air attacks again.

Ukraine's win is a win for the West.

[WarGamer]

7. Neither side seems interested in peace... if peace means surrender.

[ancianita]

8. Come ON. One side wants peace and the other does not. The word "surrender" doesn't have to be in any real peace action.

Just a quiet withdrawal and Ukraine's rebuilding. And maybe Putin having more time to do something good for the Russian people for a change.

[Scrivener7]

9. Peace doesn't mean surrender. So ...

[BannonsLiver]

10. Ah, the old "both sides" song and dance

Shocked!

I’m sure “Mars is smiling” somewhere.