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EBRD plans to invest €1 billion in Ukraine’s economy annually

March 27, 2014, 20:52 UTC+3 KIEV
Currently, the EBRD investment portfolio in Ukraine is estimated at €4.7 billion
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KIEV, March 27. /ITAR-TASS/. Annual investments of the European Bank for Reconstruction and Development (EBRD) in Ukraine’s economy are planned at €1 billion, the EBRD press service said in a statement on Thursday.

According to the press service, the bank is ready to grant annually about €1 billion within the next few years, considerably increasing its investments from the initially-planned range of €550 million to €750 million.

The EBRD explained that such a growth is envisaged in the context of the global community’s response, including to the Thursday's agreement between Ukraine and the International Monetary Fund on the macroeconomic stabilization program.

Currently, the EBRD investment portfolio in Ukraine is estimated at €4.7 billion. In all, 182 projects have been implementing in the republic with the EBRD assistance.

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