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European Bank for Reconstruction and Development to double lending to Ukraine

According to the newspaper, the EBRD is already the largest institutional lender to Ukraine’s corporate sector and has issued about 3.7 bln euros in loans since the conflict broke out in February 2022

LONDON, December 19. /TASS/. The European Bank for Reconstruction and Development (EBRD) will double lending to Ukraine to three bln euros after shareholders agreed a four bln euro capital increase, the Financial Times writes.

According to EBRD President Odile Renaud-Basso, "our capital increase, massively backed by our shareholders, is a sign that this support [for Ukraine] will not waver."

According to the newspaper, the EBRD is already the largest institutional lender to Ukraine’s corporate sector and has issued about 3.7 bln euros in loans since the conflict broke out in February 2022. "Much of it has been allocated to emergency funding to help prop up Ukraine’s critical infrastructure, including the energy grid," the Financial Times specified.

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