The heads of the EBRD approved a resolution to increase the bank’s capital by €4B, bringing it to €34B. It is noted that the additional capital will be used to ensure stable investments in Ukraine’s real economy during the war and recovery period. It will also help support the EBRD’s priorities in all the countries where it operates.
Thus, thanks to the capital increase, the EBRD will continue its annual investments in Ukraine of about €1.5B during wartime and will also increase its support to €3B every year after the start of reconstruction.
The capital increase will take effect on December 31, 2024, and payments will begin in early 2025. This is the third capital increase in the history of the EBRD. In May this year, the bank’s leaders recognized that supporting Ukraine should be the EBRD’s highest priority now and in the future.