On May 23 in Paris, the annual meeting of the European Bank for Reconstruction and Development and European development financial institutions took place within the framework of the Ukraine Co-Investment Platform – EBRD-G7 DFI-EDFI Ukraine Co-Investment Platform.
The event was officially opened by the President of the European Bank for Reconstruction and Development, Odile Renaud-Basso; the CEO of the Association of European Development Finance Institutions (EDFI), David Capar; and the First Deputy Minister of Economy of Ukraine, Oleksii Sobolev.
This was the second meeting of the Platform participants, whose goal is to maximize support for co-financing Ukraine’s economy, strengthen cooperation, and exchange information about urgent needs and recovery priorities, with a primary focus on the private sector.
The leading role in the activities of the EBRD-G7 DFI-EDFI Ukraine Co-Investment Platform belongs to the EBRD, which is currently the largest institutional investor in Ukraine. The total volume of financing directed to Ukraine during the entire period of cooperation exceeds €22 billion. Since the start of the full-scale invasion, Ukraine has received over €7 billion from the EBRD.
“The EBRD-G7 DFI-EDFI investment platform unites partners to support Ukraine’s economic recovery and reconstruction. Since its inception, it has provided over €400 million in co-financing in the country. As the leading institutional investor in Ukraine, the EBRD looks forward to deepening cooperation with development institutions to further mobilize financing for the real sector of Ukraine’s economy,” emphasized Odile Renaud-Basso, President of the EBRD.
According to First Deputy Minister of Economy Oleksii Sobolev, attracting private capital for Ukraine’s recovery is critically important. The private sector will play a decisive role in restoring the Ukrainian economy. According to the latest RDNA4 assessment, it accounts for one-third of all financing needs. Therefore, effective coordination of partner efforts is crucial for the efficient allocation of investments and directing them to key economic sectors.
“Ukraine is deeply grateful to every investor who has contributed to our recovery, especially to the partners among DFIs and IFIs, whose efforts have played a key role in shaping and stabilizing our investment ecosystem. We now urgently need to increase private capital investment in the country’s economy. We are therefore working on infrastructure to attract a wider range of institutional and strategic investors, particularly through improving financial mechanisms and reducing risks. Our cooperation within the Platform can significantly accelerate and enhance this process,” said Oleksii Sobolev.
Participants at the event also discussed:
- EBRD’s plans and priorities for the private sector in 2025,
- Ways to improve the efficiency of the Co-Investment Platform,
- Financing tools and risk mitigation under the Ukraine Investment Framework,
- Operations of private equity funds in Ukraine,
- Preparations for the Ukraine Recovery Conference (URC-2025) in Rome, where new practical initiatives to mobilize private capital are planned to be presented.
The EBRD-G7 DFI-EDFI Ukraine Investment Platform was officially established based on a Memorandum of Understanding signed on June 21, 2023. The initiative brought together the European Bank for Reconstruction and Development (EBRD) and 18 development finance institutions (DFIs) from the Group of Seven countries and the European Union.
The Platform’s objective is the joint financing of projects for Ukraine’s recovery, particularly in the private sector, as well as closing the investment gap until private investors can fully return to the Ukrainian market.
The EBRD acts as the lead institution of the Platform, responsible for forming the project portfolio and mobilizing participants for financing. The main focus of the Platform’s activities is supporting Ukraine’s private sector in the context of recovery and reconstruction.
