EBRD invests EUR 812M in Ukraine amid COVID-19 crisis

EBRD invests EUR 812M in Ukraine amid COVID-19 crisis

Ukrinform
The European Bank for Reconstruction and Development (EBRD) provided Ukraine with EUR 812 million of investment in the context of the COVID-19 crisis.

"The European Bank for Reconstruction and Development (EBRD) responded to the COVID-19 pandemic in Ukraine by providing EUR 812 million in investment in 2020. In terms of annual investment, Ukraine ranked third among the Bank's countries of operation after Turkey and Egypt," reads the bank’s press release.

In particular, the EBRD combined investment with policy engagement with a EUR 450 million loan to the state road agency Ukravtodor, supporting the government in the development of national road infrastructure and the fight against corruption. The Bank’s public-private partnership (PPP) advisory activities produced notable results in 2020. The Bank’s Infrastructure Project Preparation Facility advisory led to the commercial close of two port PPPs at Olvia and Kherson in Ukraine as well as the commercial close for Sofia Airport.

In total, the EBRD responded to the coronavirus pandemic with record investment of EUR 11 billion in 2020 through 411 projects, addressing the urgent needs of the 38 economies where it invests.

The EBRD is the largest institutional investor in Ukraine, where it has already invested 482 projects worth EUR 14.5 billion.

ish


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-