EBRD Sets Record Investment in Ukraine with 2.1 Billion Euros in 2023

by Roman Cheplyk
Thursday, January 25, 2024
EBRD Sets Record Investment in Ukraine with 2.1 Billion Euros in 2023

In a remarkable display of support, the European Bank for Reconstruction and Development (EBRD) has allocated a record 2.1 billion euros to Ukraine in 2023

This substantial funding follows the 1.7 billion euros provided in 2022, with the bank surpassing its two-year investment goal of 3 billion euros for Ukraine by October 2023.

This increased financial backing comes on the heels of a decision by the bank's management to boost its paid-up capital by 4 billion euros, raising the total to 34 billion euros. This augmentation aims to bolster ongoing support for Ukraine, with future investments during the war projected to maintain a pace of approximately 1.5 billion euros annually. The expanded capital base offers the flexibility to potentially double this investment amount during Ukraine's recovery phase.

Since the onset of the large-scale war, the EBRD has successfully mobilized close to 1.6 billion euros in donor funds for Ukraine. This includes unfunded guarantees, with nearly half of the donor resources sourced from the European Union. Notable contributions have also been received from individual donors like Canada, Norway, Spain, and the Netherlands, underlining the collective global effort to support Ukraine.

In its current operational strategy, the EBRD focuses on five primary investment areas within Ukraine. These include enhancing energy security, developing vital infrastructure, ensuring food security, facilitating trade, and bolstering the private sector. Through these targeted investments, the EBRD aims to play a pivotal role in sustaining Ukraine's resilience and economic stability amidst ongoing challenges.

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