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  • Denys Shmyhal: Ukraine will attract an additional EUR 62 million from the EIB for social and energy projects
    Communications Department of the Secretariat of the CMU, posted 04 October 2024 13:34

    At a session on October 4, the Government approved two documents enabling Ukraine to raise an additional EUR 62 million in financing from the European Investment Bank. This was announced by Prime Minister Denys Shmyhal.

    “These resources will be channelled to the development of social infrastructure, energy sustainability, heating and other important projects in our communities,” the Head of Government stressed.

    According to the Prime Minister, the Coalition for the Recovery and Financial Sustainability of Ukraine includes dozens of countries, and the Government is constantly expanding the circle of partners.

    In particular, an agreement has been signed with the Export-Import Bank of Korea to attract USD 100 million in financing.

    “We also have important support from the United States. This week, USAID Administrator Samantha Power paid a visit to Kyiv. The U.S. agency will allocate more than a billion dollars to restore the Ukrainian energy system and provide humanitarian aid,” said Denys Shmyhal.

    In addition, more than 30 countries, including the EU, have recently adopted a Joint Declaration of Support for the Recovery and Reconstruction of our country. The Prime Minister noted that this is an important document on comprehensive assistance to Ukraine's reconstruction on its way to EU membership and the provision of additional financial support worth about USD 50 billion by the end of the year at the expense of frozen russian assets.

    This week, Ukraine was also granted an additional package of support from Switzerland in the amount of USD 1.7 billion for reconstruction projects in Ukraine for the next 4 years. As well as an additional EUR 70 million from Germany to provide Ukrainian communities with cogeneration units, generators and solar panels.

    Denys Shmyhal: Ukraine will attract an additional EUR 62 million from the EIB for social and energy projects