The European Bank for Reconstruction and Development (EBRD) is interested in contributing to the restoration of Kherson and Mykolaiv regions significantly affected by the war. This was discussed during a meeting between Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Odile Renaud-Basso, President of the EBRD, in London.
“We are sincerely grateful to the EBRD for its continued support to Ukraine. The bank’s contribution to Ukraine’s recovery is hard to overestimate. Last year, a record EUR 2.1 billion was disbursed, of which 50% was used to support the private sector. This proves once again that the EBRD is committed to making the private sector the backbone of Ukraine’s recovery. This year, the bank will continue to support Ukrainian businesses – a number of specific projects have already been developed in the energy, manufacturing, logistics, agricultural and other sectors. In addition, our partners from the EBRD are interested in actively contributing to the restoration of Kherson and Mykolaiv regions significantly affected by the war,” said Yuliya Svyrydenko.
During the meeting, the parties also discussed business insurance against war risks, in particular, insurance instruments for ships, cargo in transit or in warehouses. And the possibilities of potential expansion of insurance.
Cooperation between the EBRD and development financial institutions (DFIs) was also discussed. The Co-investment Platform was launched to coordinate efforts to invest in Ukraine, especially in the private sector. DFIs from 19 countries have already joined the platform.
“The private sector will be the backbone of Ukraine’s recovery, so it is important for us to coordinate the efforts of international financial institutions to rebuild Ukraine more effectively and on a larger scale, with a focus on the private sector. Our cooperation should help restore Ukraine’s economy, industry, infrastructure and normalise people’s lives. To this end, together with the EBRD, we will hold a series of workshops to strengthen the coordination of European development agencies for the recovery of Ukraine,” Yuliia Svyrydenko said. (Government portal/Business World Magazine)
