The CEB’s loan will support the Health Enhancement and Life-Saving (HEAL) project, a $500 million framework operation developed by the World Bank in collaboration with the Ukrainian authorities, which is designed to bring together development partners. The World Bank has already approved a $100 million loan and $20 million in grants to get the project off the ground. This is the first CEB loan operation in Ukraine since the country’s accession on 15 June 2023.
“Today marks a significant milestone in our cooperation with Ukraine for the country’s reconstruction. Our first loan to the Ministry of Health focuses on restoring and improving access to essential health services, including mental health, and represents an important step toward a resilient recovery for the people of Ukraine,” said CEB Governor Carlo Monticelli.
According to Ministry of Health data, the Russian Federation’s aggression against Ukraine has caused damage put at $2.5 billion to health sector infrastructure. As a result, the availability and accessibility of health services in Ukraine have been severely curtailed, particularly in regions affected by armed conflict.