EBRD will increase financial support for ukrainian business in 2023 and 2024

This was discussed during a meeting between Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, and Audrey Renaud-Basso, President of the EBRD.

The EBRD is ready to finance humanitarian demining of Ukrainian agricultural land and to develop a special financial product in cooperation with banks and the Ministry to finance working capital for manufacturers of demining equipment. This can give a boost to the development of technology and engineering in Ukraine. The parties also discussed further cooperation between the EBRD and Development Finance Institutions (DFIs) to coordinate efforts to invest in Ukraine, especially in the private sector. They also discussed increasing direct lending to Ukrainian private businesses and supporting the liquidity of state-owned companies.

One important topic for discussion was war risk insurance. The EBRD is preparing the legal structuring and management of the project, as well as the preparation of a product for insuring goods in transit and in warehouses against war risks together with Ukrainian insurance companies. In the next stages, the project may also include investment risk insurance

More details: https://bit.ly/3ru8czq

 

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