The EIB invests €2B in Ukraine’s recovery through the Ukraine Facility program.

The European Investment Bank (EIB) will allocate €2B to finance recovery projects in Ukraine using the EU’s financial instrument, the Ukraine Facility. This was discussed during a meeting among representatives from the Ministry of Finance of Ukraine, the European Commission, and the EIB.

In total, the Ukraine Facility provides €9.3B for investment projects from 2024 to 2027, including €7.8B in the form of guarantees and €1.5B in grants. The funds allocated by the EIB will focus on crucial areas that will aid in the country’s economic recovery and modernization: modernizing export infrastructure, developing energy independence by increasing hydropower production and renewable electricity, strengthening the national electricity grid to enhance the country’s energy security, and restoring medical facilities damaged by the war.

The Ministry of Finance emphasized that EU support will assist in modernizing infrastructure and align Ukraine closer to EU standards. Additionally, the EIB will not only invest funds but will also offer expert support to Ukraine through the JASPERS program, which helps prepare essential infrastructure projects.