EBRD to provide assistance to Ukraine for 3B euros

The President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, has visited Kyiv to reaffirm to President Volodymyr Zelenskyy, his government and Ukraine’s business community the EBRD’s unwavering support for the Ukrainian real economy and private sector, both in wartime and during a future reconstruction, Report informs referring to the EBRD website.

The EBRD, Ukraine’s biggest institutional investor, has committed to invest €3 billion in Ukraine in 2022-23 and to play a key role in reconstruction when the time is right. The EBRD’s primary focus in Ukraine is on maintaining energy and food security, restoring rail infrastructure, providing trade finance and supporting the private sector.

In 2022, the Bank deployed €1.7 billion in Ukraine - totaling more than one tenth of the Bank’s total investments - and mobilized a further €200 million from partner financial institutions. The only institution to work at this scale, in a unique demonstration of support and solidarity for the Ukrainian people, the EBRD agreed to provide finance, half of which at its own risk. Half of its finance has come with generous support from donors and guarantors from G7, European Union, and other countries.

In the business community, the EBRD President met bank leaders and clients.

This is President Renaud-Basso’s second visit to wartime Ukraine. Last October she was the first multilateral development bank leader to meet President Zelenskyy in his home capital in wartime.