The EIB is strengthening its support for Ukraine’s recovery and economic development.

The European Investment Bank has announced several support programs at URC2024 in Berlin.

1. The EIB Group is preparing two programs to restore Ukraine’s housing stock. The first is a €230M initiative that will focus on repairing war-damaged apartment buildings with an emphasis on energy efficiency measures. The second is aimed at developing and financing affordable housing in Ukraine. It will be financed by a €200M credit program and extensive grant resources from the European Commission.
2. The EIB will provide a €100M loan to reconstruct Ukrainian cities and communities affected by the war and to repair and construct schools, kindergartens, hospitals, and local transport to ensure the availability of necessary public services.
3. The EIB also approved financing for the 112 emergency assistance system, railway renovation, and the modernization of the metro in Kyiv.
4. Among other things, the EIB is working to create a €300M pan-European export credit guarantee mechanism for small and medium-sized EU companies that export goods or services to Ukraine. It should be operational by the end of 2024.