The Ukrainian delegation led by Finance Minister Olexandr Danyliuk commenced work at the twenty-sixth annual meeting of the European Bank for Reconstruction and Development (EBRD) which is taking place through May 9 to 11 in Nicosia, Cyprus.

The event gathered about two thousand participants and is titled “Targeting Green and Inclusive Growth. Meeting Regional and Global Challenges.”

In the framework of the annual meeting Minister of Finance of Ukraine Olexandr Danyliuk is scheduled to meet with EBRD President Sir Suma Chakrabarti, EBRD Vice-President Alain Pilloux, EBRD Chief Economist Sergei Guriev, Minister of Finance of the Republic of Cyprus Harris Georgiades, Representative of the U.S. Treasury Department Clay Berry and other representatives of the EBRD participating countries.

The Minister shall also take part in the Ukraine Investment Outlook Session, in which participants will discuss investment climate in Ukraine and ways to improve that.

The European Bank for Reconstruction and Development is providing support to Ukraine to implement crucial reforms for the economy. Now the Bank has been involved in dozens projects in Ukraine. Most of the projects focus on private sector development and infrastructure. The total funding for existing projects is around EUR 4 billion.