Man wearing a hard hat stands on a lifting platform in front of a bombed-out house

Support for Ukraine – today and tomorrow

    For more resilience

    For more than two years, Ukraine has been resolutely fighting against Russia’s war of aggression, which is illegal under international law. The Ukrainians have already tolerated immeasurable suffering. Nightly bombings are a sad everyday reality in many cities – not just in the eastern part of the country. But life must go on and the economy must function, schools must remain open, and fields must be tilled while the events of the war continue to unfold. These aspects of life must remain intact if the daily needs for goods and services are to be met and even more suffering is to be prevented. KfW is supporting the country precisely in this regard.

    KfW has been working closely with Ukraine on behalf of the German Federal Government since the 1990s. Back then, the concern was accompanying the transformation towards a modern, democratic state and an open economy. Now the focus has shifted to making Ukraine more resilient through civilian support – be it by restoring (social) infrastructure or creating economic prospects. Establishing a closer relationship to the EU also remains relevant.

    With ongoing projects currently totalling more than EUR 1.2 billion (as of April 2024), today KfW is an important partner for Ukraine. In addition, KfW subsidiary DEG has been advising and supporting its customers from the Ukrainian private sector, particularly from the agricultural, IT and logistics sectors, on an ongoing basis since the start of the war and is supporting German companies in their investment projects via the “develoPPP” and “Impact Connect” programmes.

    KfW Development Bank’s current portfolio includes the four sectors of energy and conservation, internally displaced persons and host communities, basic social infrastructure in municipalities, and economic promotion and vocational training. The overall aim of KfW’s promotion is sustainable and resilient social and economic development in Ukraine.

    But it also aims to repair damage from the war, modernise dilapidated infrastructure and begin work on reconstruction now. Whether power lines are destroyed by attacks or buildings are damaged, reconstruction cannot wait until the battle is over. Instead, it must happen in parallel. Accordingly, KfW is continuously expanding its portfolio and adapting it to new circumstances.

    Against the backdrop of this commitment, KfW is also actively participating in the Ukraine Recovery Conference, which will take place in Berlin on 11 and 12 June with 1,500 participants from many countries. Representatives of Ukrainian and international civil society and the private sector will also attend the conference alongside governments and international organizations. The conference intends to contribute to ensuring that Ukraine continues to receive sufficient international funds for recovery, reconstruction, reforms and modernisation measures. Last but not least, the conference will address the question of what conditions are needed on the government side in order to integrate the economy and increasingly mobilise private investment.

    But the closer relationship with the EU and the associated necessary reforms will also play an important role at the meeting in Berlin. At the end of 2023, the EU decided to begin accession negotiations with Ukraine. Overall, the conference – the third focusing on reconstruction after the previous conferences in Lugano and London – is intended to underpin the Western international community’s desire to continue contributing a strong civilian component in addition to military support. KfW is also making an important contribution to this with its commitment on behalf of the German Federal Government and the EU.

    KfW remains a close partner of Ukraine. It will continue to support the country in this difficult time, standing reliably by its side and assuming responsibility. This applies to strengthening Ukraine’s resilience in the current war situation as well as to its reconstruction and the rapprochement process with the EU.

    Ukraine Recovery Conference

    “It´s a constant effort”

    Interview with Volodymyr Kudrytskyi, CEO of the power grid operator Ukrenergo, on Russian attacks against the Ukrainian grid, the effort of constantly repairing the system and the support of foreign donors.

    Playing and learning during a state of emergency

    In times of war, children need to be given a feeling of security and they need to be engaged with in a different way. Kindergarten teachers are attending special training courses to learn the best ways to achieve this.

    In depth