On June 21, the European Bank for Reconstruction and Development and 19 Development Finance Institutions of the G7 countries signed a Memorandum of understanding aimed at further establishing a base for investing in the private sector of Ukraine's economy. We are talking about companies that will be involved in the reconstruction of our state.
"The signing of this memorandum... was the next step in the implementation of the agreement between the EBRD and the DFIs of the G7 countries on the creation of a joint platform for investments in Ukraine, which was announced at the G7 meeting in Tokyo last month," EBRD press release.
"The financial needs of Ukraine at the stage of recovery will be very significant and, therefore, will require the combined efforts of financial organisations. In order to maximise the efficiency and effectiveness of their activities, Ukraine's partners must ensure careful coordination among themselves. The private sector will play a crucial role in the recovery of the Ukrainian economy."
Development Finance Institutions that came forward with the intention of participating in the creation of an investment space and a hub of opportunities:
- British International Investment;
- Cassa Depositi e Prestiti;
- Deutsche Investitions- und Entwicklungsgesellschaft;
- Development Finance Institute Canada;
- Belgian Investment Company for Developing Countries;
- Compañía Española de financiación del desarrollo;
- Finnfund;
- Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden;
- Norfund;
- Oesterreichische Entwicklungsbank;
- Sociedade para o Financiamento do desenvolvimento, instituicao financira de credito;
- Swedfund international;
- Japan Bank for International Cooperation;
- Japan International Cooperation Agency;
- Proparco;
- US International Development Finance Corporation.
EBRD and DFI will also help countries that have also suffered due to Russian aggression against Ukraine.
