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

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

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.


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