EIB to allocate over 1 billion euros for critical infrastructure restoration and business support in Ukraine

The European Investment Bank (EIB) will allocate over 1 billion euros for critical infrastructure restoration and business support in Ukraine.

During the international Ukraine Recovery Conference, the European Investment Bank plans to sign agreements for new financing exceeding 1 billion euros to support business and restore critical infrastructure. This announcement was made by the bank's head, Nadia Calviño, before the start of the conference in Berlin.

"At this meeting in Berlin, I will sign agreements for new financing. We will mobilize over 1 billion euros to support small and medium-sized enterprises in Ukraine and to restore critically important infrastructure in Ukrainian cities, such as hospitals, kindergartens, schools, and water supply," Calviño stated.

She added that the bank plans to introduce the EU's flagship advisory services program in Ukraine.

The EIB President reminded that since the start of the war, the institution has allocated over 2 billion euros for the restoration of damaged infrastructure in the energy, transport, and border crossing sectors.

"We will continue to support Ukraine. The European Investment Bank is one of Ukraine's key investment partners now," she added, expressing hope that the bank will soon contribute to the country's reconstruction after the war.