On April 3, in Kyiv, Ukrainian Finance Minister Serhiy Marchenko and Government Commissioner for Public Debt Management Yuriy Butsa met with Matteo Patrone, Vice President of the European Bank for Reconstruction and Development (EBRD), Arvid Tuerkner, Managing Director of the EBRD for Ukraine and Moldova, and other representatives of the Bank.
The parties discussed the current portfolio of EBRD projects in Ukraine's public and private sectors, as well as the results of cooperation in the past year and funding priorities for 2025.
"Today, the EBRD plays a significant role in the reconstruction and recovery of Ukraine. We have made substantial progress in implementing our joint projects, and we appreciate the full spectrum of assistance provided to Ukraine by the Bank during these uncertain times, ranging from project financing in both the public and private sectors to supporting the implementation of priority reforms in financial, energy, infrastructure, and other areas," said Ukrainian Finance Minister Serhiy Marchenko during the meeting.
In the last three years, the European Bank for Reconstruction and Development has allocated over €6 billion to Ukraine.
The Bank is actively financing initiatives to enhance energy security and efficiency, support liquidity and resilience of the public sector and state-owned enterprises, and assist in the restoration of infrastructure, micro, small, and medium enterprises, and capital investments in the private sector. EBRD projects in the energy sector are particularly important, as Russia continues to destroy Ukraine's energy system.
Currently, the EBRD’s active portfolio in the public sector includes 12 projects with a total financing volume of €2.4 billion. In the energy sector, the EBRD is financing 7 projects worth €1.4 billion, and in the transport sector, it is supporting 5 projects totaling €1 billion.
In the public sector of the economy, cooperation with the EBRD since the start of the full-scale invasion has focused on supporting liquidity and the resilience of key critical infrastructure entities, with a total funding amount of €1.2 billion. Of this, €724 million has been allocated for the urgent procurement of gas to ensure uninterrupted heating seasons from 2022 to 2025.
In turn, EBRD Vice President Matteo Patrone assured the Ukrainian side that the Bank will continue to provide stable and resilient support to both the public and private sectors of the Ukrainian economy.
