CAPACITY BUILDING

Senior EBRD Officials Visit Ukraine To Underscore Support

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By Olga Rosca

A senior delegation from the European Bank for Reconstruction and Development (EBRD) is starting a week-long trip to Ukraine for meetings with the country’s authorities and private sector companies.

Vice President, Banking, in charge of Bank investments, Alain Pilloux,  and Vice President for Policy and Partnerships, Mark Bowman are visiting to reconfirm the EBRD’s support for Ukraine, its reform agenda and sustainable development.

The Bank is the leading institutional investor in Ukraine and to date has invested over €15 billion(US$16.9billion) in more than 500 projects in the country. It is likely to provide around €1 billion in financing for the Ukrainian economy in 2021, with almost half of that amount in green financing.

The Bank’s focus is on assisting with stabilisation, anchoring reforms, strengthening energy efficiency and energy security, and supporting agricultural and industrial projects, as well as smaller businesses. The two Vice Presidents’ joint visit underscores the EBRD’s business model of combining effective investment and policy engagement. 

Together with the EBRD’s Managing Director for Eastern Europe and the Caucasus, Matteo Patrone the officials will meet the country’s authorities and the governor of the National Bank of Ukraine. They will also hold talks with representatives of the international financial institutions and other development partners.

Discussions will focus on the decarbonisation of the Ukrainian economy in line with the country’s updated Nationally Determined Contribution, the development of sustainable infrastructure and the investment climate.

In addition, the two vice presidents will have the opportunity to discuss Bank support and investment climate with private sector companies, including small and medium-sized enterprises, key banks and business associations.

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