The EBRD is investing €1.3 billion in Ukraine: what will the funds be used for?
5 December 2024 05:13
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a large-scale investment package for Ukraine in the amount of more than €1.3 billion. This was announced by Prime Minister Denys Shmyhal, "Komersant Ukrainian" reports
The funding will be used to implement eight projects. In particular, much attention is paid to the restoration of transport and energy infrastructure, as well as the development of distributed generation programs and energy efficiency.
“We are talking about 8 projects to support the public and private sectors. In particular, in the field of restoring transport and energy infrastructure, supporting government programs for the development of distributed generation and energy efficiency,” the Prime Minister said.
One of the important aspects of this decision is that part of the funds will be allocated in the form of non-refundable grants. This will allow Ukraine to allocate these resources to the most urgent needs without any obligation to repay, which is a significant support in the current economic challenges.
The Prime Minister expressed gratitude to international partners for their significant contribution to the recovery and development of Ukraine. He emphasized that this decision of the EBRD is a powerful signal of international solidarity with Ukraine in times of change and challenges.
“We are grateful to our partners for their important assistance. This decision is another strong signal of international support for Ukraine in times of challenges and transformations,” Shmyhal emphasized.
