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EBRD commits €5 billion for Ukraine

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5 March 2014 – London – The European Bank for Reconstruction and Development (EBRD) has announced that it is prepared to support the economy of Ukraine with investments of at least €5 billion over the period until 2020 as part of a coordinated international financial assistance programme in support of credible structural and macroeconomic reforms. That €5 billion amount could be exceeded if economic circumstances permit.

140305-pmwj21-ukraine-IMAGEThe EBRD believes that it is essential for investor confidence that Ukraine agree a macro-economic stabilisation programme with the International Monetary Fund and that it tackle endemic corruption.

The EBRD has been working over the last year on an Anti-Corruption Initiative with Ukraine and the Bank looks forward to making progress on this with the new authorities.

The EBRD will work together very closely with the authorities in Ukraine to help put in place the appropriate conditions that will support investment in the country.

For more information about EBRD projects in Ukraine, go to http://www.ebrd.com/pages/country/ukraine.shtml

The European Bank for Reconstruction and Development (EBRD), established in 1991 to nurture the private sector in central and eastern Europe and ex-soviet countries, uses investment to help build market economies and democracies. The EBRD is the largest single investor in the region and mobilizes significant foreign direct investment beyond its own financing. Owned by 61 countries and two intergovernmental institutions, the EBRD provides programme and project financing for banks, industries and businesses.  The EBRD has supported more than 3,500 projects in more than 30 countries to date.  For more information about the bank, visit http://www.ebrd.com/index.htm.  More about EBRD projects at http://www.ebrd.com/pages/project.shtml.

Source: EBRD