Ukraine can receive EUR 3 billion in investments from the EBRD by the end of 2023
Ukraine is waiting from European Bank for Reconstruction and Investment Development by 3 billion euros by the end of 2023.
This was announced by the First Vice Prime Minister – Yulia Svyridenko, Minister of Economy of Ukraine.
Posadova met with EBRD President Odile Renaud-Basso in London and discussed all possible ways to help slow down the energy crisis in Ukraine, which is caused by Russia’s aggression.
“The recent decision on financing of “Ukrenergo” projects in the amount of 372 million euroswhich also includes grant funds from the Government of the Kingdom of the Netherlands, is especially timely and relevant for the rapid repair of damage caused by massive bombing,” Svyridenko emphasized.
During the meeting, additional measures that can be implemented by the bank in Ukraine, in particular in the field of energy saving, were discussed.
“The main topic of conversation was the strategy of the EBRD’s presence in Ukraine. The experience of assistance in project financing this year allows to increase the scope of the EBRD’s activities in Ukraine. The ambition of the goals of the EBRD and the Government will allow to implement investments worth up to 3 billion euros already next year,” the message reads.
Svyridenko informed Renault-Basso that the government is now betting on the development of such priority industries as the digital economy, agriculture, including processing and food industry, and metallurgy.
In addition, the parties are also working on coordination with other partners and discussed preparations for the next reconstruction conferences in Paris and London.
in full, according to the forecasts of the European Bank for Reconstruction and Development in September, based on the results of 2022 Ukraine’s economy will shrink by almost a third.