Poland Opens Development Bank in Ukraine for Rebuilding

Ukraine's parliament just approved a game-changing agreement that brings Poland's national development bank directly into the country's rebuilding efforts. The move opens the door for significant financial and technical support for both government and private projects across Ukraine.

The Verkhovna Rada ratified the agreement with Bank Gospodarstwa Krajowego (BGK), Poland's state development bank, in late February 2026. The deal gives BGK official status to operate in Ukraine just like other international development institutions already working there.

Deputy Minister Yehor Perelyhin explained that the bank can now provide grants, loans, export support, and guarantees to help Ukraine rebuild. Both governments will work together with BGK to identify which projects need funding most urgently.

The partnership started taking shape in September 2025 when Ukraine's Minister of Economy and Poland's Finance Minister signed the original agreement. Now with parliamentary approval, the bank can start moving resources into action.

BGK will focus on the Ukraine Facility, a major program designed to support reconstruction and development. Projects can range from infrastructure repairs to supporting private businesses trying to grow during challenging times.

The Ripple Effect

This agreement represents more than just financial support. It shows how neighboring countries can create lasting partnerships that help entire regions stabilize and grow stronger together.

Poland's commitment to operating a development bank inside Ukraine creates a direct channel for expertise and capital that doesn't rely on distant international institutions. Ukrainian entrepreneurs and local governments now have another trusted partner for turning recovery plans into reality.

The collaboration also builds economic ties that will outlast current challenges. As BGK helps fund projects across Ukraine, it creates relationships between Polish and Ukrainian businesses, shares technical knowledge, and builds the kind of regional cooperation that makes both countries more resilient.

Future projects will emerge from joint planning sessions between both governments and the bank, ensuring that funding flows toward Ukraine's most pressing needs while reflecting Poland's development experience.

A partnership forged in crisis is becoming a blueprint for lasting economic cooperation.