Ukraine's Ministry of Economy and the European Investment Bank (EIB) discussed the current status of recovery projects being implemented under the second investment component, Pillar 2, of the Ukraine Investment Framework (UIF).
During a meeting between Ukraine's First Deputy Minister, Oleksii Sobolev, and an EIB delegation led by Kristina Mikulova, Head of the EIB Regional Centre for Eastern Europe, the participants reviewed public projects already underway in Ukraine and explored additional financing opportunities within UIF.
"For the effective use of available funding for recovery projects, it is important that we have a full understanding of the current and planned activities of IFIs and DFIs in Ukraine. Under Pillar 2, the EIB has around 2 billion euros in guarantees for public project implementation. The government, together with the European Commission, is currently analyzing the initiatives submitted by the EIB to provide further recommendations for their implementation in line with the Unified Public Investment Portfolio," said Oleksii Sobolev.
The parties also discussed expanding technical assistance for project preparation. The government is working on launching the Project Preparation Facility (PPF) program to increase the number of projects ready for financing. Additionally, with the support of the European Commission and the EIB, the JASPERS program in Ukraine provides advisory services and technical support for preparing and implementing public and municipal projects.
Note: The European Investment Bank (EIB) was established in 1957. Today, its shareholders are the 27 European Union member states. The EIB not only engages in lending activities but is also the largest borrower of capital on international financial markets.
Since 2004, Ukraine has been cooperating with the EIB to establish a legal framework to attract its resources for implementing infrastructure, energy, environmental, and other investment projects.
As of October 1, 2024, the total amount of financial resources provided by the EIB to Ukraine, both in the public and private sectors, exceeds 7.5 billion euros.
