On September 27, Minister of Finance of Ukraine Sergii Marchenko met with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso.
The meeting was attended by Deputy Minister of Finance of Ukraine Olga Zykova and EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone.
The parties discussed the current economic situation in Ukraine, the indicators of the draft State Budget for 2024, the status of joint projects and prospects for further cooperation with the EBRD.
In particular, the Minister of Finance stressed the importance of the support of international partners for the continuation of reforms in Ukraine and noted that the need for budget support to ensure the performance of the main functions of the state was estimated for 2024 at the level of the current year.
Sergii Marchenko thanked the European Bank for Reconstruction and Development for the financial assistance provided to Ukraine.
“I am grateful for the Bank’s determination and commitment in supporting Ukraine in the extremely difficult global economic environment caused by the russian invasion of Ukraine and for the significant increase in investments. The EBRD is a key partner that mobilizes funding to support liquidity and ensure stable operation of public sector entities, which is critical for the state and citizens under martial law,” said Sergii Marchenko.
At the same time, Sergii Marchenko noted that attracting funding for investment projects remained a priority for the Ukrainian side, which would help stabilise economic activity in the long term.
In addition, the meeting emphasised the need to increase the capacity to effectively use donor funds to implement rapid recovery projects.
Odile Renaud-Basso emphasized that the Bank intended to focus on priority areas for financing, such as the energy sector to strengthen the country’s energy security and stabilize the electricity market in Ukraine, other critical infrastructure sectors and investments in the private sector. (Government portal/Business World Magazine)