EBRD Board of Directors approves investments in Ukraine amounting to over EUR 1.3B

The EBRD Board of Directors has approved investments totaling over EUR 1.3 billion in Ukraine as part of eight projects supporting the public and private sectors.

Prime Minister Denys Shmyhal announced this on Telegram, Ukrinform reports.

“The Board of Directors of the EBRD has approved investments in Ukraine totaling more than EUR 1.3 billion. This involves eight projects to support the public and private sectors. In particular, in the area of restoring transport and energy infrastructure, supporting government programs to develop decentralized power generation and strengthening energy efficiency,” Shmyhal wrote.

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He noted that some of the funds are non-refundable grants.

“We are grateful to our partners for their important assistance. This decision is another strong signal of international support for Ukraine in times of challenges and transformations,” the Prime Minister added.

As Ukrinform reported earlier, the European Union and Ukraine signed a Memorandum of Understanding necessary for the provision of macro-financial assistance of EUR 18.1 billion.