The EBRD is ready to invest up to €15B in the Ukrainian economy but expects the continuation of reform efforts.

During the Munich Security Conference, EBRD President Odile Renaud-Basso said that since the start of the war against Ukraine, the EBRD has invested €3.8B in the Ukrainian economy. In the next five years, the EBRD, in cooperation with its partners, can send another €7.5B, up to €15B.

She called it “unbelievable and amazing” that in the conditions of war and economic instability, the Ukrainian economy grew by 5% by the end of 2023. The president of the EBRD also drew attention to the stability of Ukraine’s banking system, noting that it is possible to finance small and medium-sized businesses through it.

Renaud-Basso emphasized the need to finance Ukraine’s critical infrastructure, particularly in the energy field, to improve the functioning of the communications system, including the railway system, and to increase the capacity for Ukrainian exports to EU countries.

According to her, it is now necessary to focus on investments for the short term and to do it together with reforms, namely in terms of improving the procurement system and fighting corruption.