Sweden has increased its financial commitment to the World Bank’s Ukraine Relief, Recovery, Reconstruction, and Reform Trust Fund (URTF) by SEK 385 million, equivalent to around EUR 35 million. This contribution comes from the Swedish Ministry of Foreign Affairs, highlighting the country’s ongoing support for Ukraine’s recovery efforts.
The URTF is a key initiative aimed at providing financial assistance to Ukraine for rebuilding its infrastructure, supporting civil society, and promoting economic stability in the aftermath of the ongoing conflict with Russia. Sweden’s additional funding underscores its commitment to international solidarity and its role in the European response to the crisis.
The Swedish government has consistently emphasized the importance of international cooperation in addressing the humanitarian and economic challenges faced by Ukraine. This new contribution is part of a broader effort to ensure that the country receives the necessary resources to recover and rebuild in the long term.
The decision to increase support to the URTF reflects Sweden’s alignment with the European Union’s stance on the conflict in Ukraine, as well as its position as a key donor to international aid initiatives. The funding will be used to support various projects, including humanitarian aid, infrastructure development, and economic reform programs in Ukraine.
Sweden’s contribution also highlights the significant role that Nordic countries play in global humanitarian efforts. By providing financial assistance to the URTF, Sweden reinforces its commitment to supporting Ukraine’s sovereignty and territorial integrity, as well as promoting peace and stability in the region.