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Thursday, March 30, 2017

EBRD: Aid to reform-minded Ukraine likely to continue

European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti said on Thursday that Ukraine's commitment to financial reforms will be met with the bank increasing its investments in the country. 


Chakrabarti also said that Ukrainian officials within the banking and energy sectors should work to attract more investors seeking opportunities. EBRD support in Ukraine totaled approximately $1.34 billion in 2014. 


“We made a major effort because the new government was seen by us as much more reformist and trying to do the right thing,” Chakrabarti said. 


Chakrabarti said that while the continuation of funding is likely, any increase in support from the EBRD will require additional reforms in specific sectors to secure further funding.


Further information will be discussed at EBRD's annual meeting, which will take place in Tbilisi May 14-15.
Since the beginning of the Ukraine-EBRD partnership, the international bank has supported the country with approximately $12.5 billion in investments.

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