On April 3, in Kyiv, the Minister of Finance of Ukraine Sergii Marchenko and the Government Commissioner for Public Debt Management Yuriy Butsa met with the Vice President of the European Bank for Reconstruction and Development (EBRD) Matteo Patrone, Managing Director for Ukraine and Moldova Arvid Tuerkner and other representatives of the Bank.
The parties discussed the current portfolio of EBRD projects in Ukraine’s public and private sectors, as well as the results of cooperation over the past year and funding priorities for 2025.
“To date, the EBRD plays a significant role in the reconstruction and recovery of Ukraine. We have made considerable progress in implementing our joint projects and appreciate the full spectrum of assistance that the Bank provides to Ukraine in these times of uncertainty, from project financing in the public and private sectors to supporting the implementation of priority reforms in financial, energy, infrastructure, and other sectors,” said Sergii Marchenko during the meeting.
Over the past three years, the European Bank for Reconstruction and Development has directed more than EUR 6 billion to Ukraine.
The bank actively finances initiatives to enhance energy security and efficiency, support the liquidity and resilience of the public sector and state-owned enterprises, as well as support infrastructure reconstruction, micro-, small, and medium-sized businesses, and make capital investments in the private sector. The bank’s projects in the energy sector are especially important as russia continues to destroy Ukraine’s energy system.
Currently, the portfolio of ongoing EBRD projects in the public sector consists of 12 projects with a total loan volume of EUR 2.4 billion. In the energy sector, the EBRD is financing 7 projects with a total value of EUR 1.4 billion. In the transport sector, 5 projects with a total value of EUR 1 billion.
In the public sector of the economy, cooperation with the EBRD since the start of the full-scale invasion has focused on supporting the liquidity and resilience of key entities in critical infrastructure with total funding of EUR 1.2 billion. Of this, EUR 724 million was allocated for the emergency purchase of gas to ensure uninterrupted heating during the 2022-2025 seasons.
Meanwhile, the EBRD Vice President Matteo Patrone assured the Ukrainian side that the bank would continue to provide stable and resilient support to the public and private sectors of the Ukrainian economy. (Government portal)