ECONOMY

Sat 22 Apr 2023 10:51 am - Jerusalem Time

Zelensky urges the President of the European Bank for Reconstruction and Development to accelerate projects in Ukraine

Ukrainian President Volodymyr Zelensky urged visiting European Bank for Reconstruction and Development President Odile Reynaud-Basso to speed up the implementation of the bank's projects in Ukraine, Zelensky's press office reported on Friday.


"Speed today, in conditions of war and urgent reconstruction, is a very important element," Zelensky said during his talks with Renault-Basso in Kiev.


Zelensky said that the EBRD's investments in the private sector and development projects in Ukraine, especially the housing sector, are a priority for Kiev, expressing his thanks to the EBRD for its support to Ukraine and the implementation of important projects during the conflict between Russia and Ukraine.


The EBRD said earlier that it is committed to providing financing of 3 billion euros (about 3.3 billion U.S. dollars) in 2022-2023 to help keep Ukraine's business and economy functioning.


Last year, the Bank allocated 1.7 billion euros ($1.87 billion) to support Ukraine.


In addition, the bank has mobilized 200 million euros ($220 million) directly from partner financial institutions.

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Zelensky urges the President of the European Bank for Reconstruction and Development to accelerate projects in Ukraine

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