The leadership of the Ministry of Finance of Ukraine and the European Bank for Reconstruction and Development (EBRD) reviewed the portfolio of joint projects.
The key goal of the event was to identify the results achieved and priorities in the implementation of joint initiatives. A detailed review of the portfolio of joint projects is an important stage of cooperation, which helps to improve project implementation mechanisms and increase the level of use of loan funds in development projects.
Representatives of the Ministry for Communities and Territories Development of Ukraine the Ministry of Energy of Ukraine, the State Agency for Reconstruction and Development of Infrastructure of Ukraine, NPC Ukrenergo, JSC Ukrzaliznytsia, NJSC Naftogaz of Ukraine, PJSC Ukrhydroenergo, JSC Ukrposhta and other beneficiaries of joint projects with the EBRD joined the meeting.
The Deputy Minister thanked the EBRD and representatives of the Ministries and project beneficiaries for their participation in the event and active work within the framework of joint initiatives:
“Amidst the unprecedented challenges caused by russia’s full-scale invasion, the EBRD’s assistance is essential to support the Government’s efforts to maintain the stability of the Ukrainian economy. With financial resources channelled into critical sectors, including energy and transport infrastructure, Ukraine can effectively face the challenges while keeping key businesses running.”
The EBRD is one of the largest institutional investors in Ukraine. Since the beginning of the full-scale invasion, the total amount of funding channelled to Ukraine has amounted to about EUR 5 billion. A significant part of these funds has been used to support the energy sector.
Olga Zykova also noted a significant increase in the Bank’s investments in Ukraine – in 2024, the sample of projects totalled more than EUR 400 million, which is twice as much as in 2023. This assistance is essential for maintaining the liquidity and sustainability of key critical infrastructure entities.
There are 11 joint projects with the EBRD in the public sector with a total of over EUR 2.3 billion, of which EUR 1.2 billion received.
The parties agreed that a clear action plan based on regular reviews and interaction between the EBRD and the beneficiaries should be developed to ensure the efficient use of resources.
Finally, the main priorities for cooperation with the Bank were identified. Given the growing challenges facing Ukraine’s energy system, support for existing and new projects in the energy sector aimed at modernising existing facilities, integrating renewable energy sources and strengthening the country’s energy independence is a priority. Equally important is the development of transport and logistics infrastructure.
Source: https://www.kmu.gov.ua
