The EU will provide Ukraine with €517M in reconstruction funding through EBRD programs.

Wednesday, June 12, 2024
The EU will provide Ukraine with €517M in reconstruction funding through EBRD programs.

The EU will guarantee €140M for the EBRD Financial Inclusion Recovery Program. At the same time, the bloc will offer €30M in blended grants and €7M in technical assistance under the wartime SME financing program. Another €150M in financial guarantees and €7.5M in technical assistance are directed to the climate change mitigation guarantee program, particularly in the energy sector.

The EU will also provide a €150M financial guarantee, with grants of €25M and technical assistance of €7.5M to support reconstruction in various sectors, including industry, transport, and municipal infrastructure.

The EU financial guarantees are provided within the framework of the Ukrainian Investment Program. In addition, the EBRD signed financing or pre-financing agreements with six municipalities, giving Ukrainian cities access to €143M.

 

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