International Financial Institutions and Ukraine discussed allocation of financing for Ukraine Investment Framework Projects
Deputy Minister of Finance of Ukraine Olga Zykova participated online in the regular Technical Assessment Meeting held in Brussels under the Ukraine Investment Framework (UIF). The purpose of the meeting was to strengthen coordination of international financial support for Ukraine’s recovery and development.
During the meeting, chaired by the European Commission, a technical assessment was conducted, and key parameters of projects aimed at supporting Ukraine’s recovery were agreed. These projects are planned to be financed with the involvement of EU guarantees. Relevant financing decisions are expected to be adopted by the European Union in March this year.
The discussion brought together representatives of the European Commission, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), the International Bank for Reconstruction and Development (IBRD), as well as other international financial institutions.
The participants of the meeting reviewed the key parameters of several investment projects aimed at mobilizing public investment, including:
Renewable Acceleration and Market Development for Ukraine Programme (RAMP-UP) — EUR 180 million (EBRD loan backed by an EU guarantee);
Public sector lending and associated grants for 2026–2027 — eight new investment operations for Ukraine, with an estimated volume of EIB and European Commission resources of up to EUR 600 million;
Additional Financing for the “Lifting Education Access and Resilience in times of Need in Ukraine” (LEARN) project — EUR 29 million in grant funding from the IBRD.
In particular, RAMP-UP is a joint initiative of the EBRD and the World Bank, led by the EBRD, and aims to remove barriers to investment in renewable energy and to support the development of Ukraine’s power sector in line with the EU target market model.
The Public sector lending and associated grants for 2026–2027, supported by the EIB, represents the largest guarantee package among donors, as it combines eight EIB operations in Ukraine. These operations focus on the recovery of critical infrastructure, strengthening energy system resilience, development of social housing, and modernization of educational infrastructure.
The LEARN project, implemented by the World Bank, aims to create a resilient, inclusive, and child-centered educational environment. It focuses on the rehabilitation of preschool education facilities, construction of protective shelters, and strengthening institutional capacity for managing educational infrastructure.
“Ukraine highly values the support of the European Union and international partners in implementing recovery and reconstruction projects under the Ukraine Facility. Each of these projects will contribute to strengthening the country’s resilience, restoring critical infrastructure, and supporting long-term recovery. At the same time, our joint success depends on partnership, mutual understanding, and shared responsibility. We are ready to work to ensure that every euro is used as efficiently as possible for the recovery of the country and its European integration,” emphasized Deputy Minister of Finance of Ukraine Olga Zykova.
She also highlighted the importance of attracting financing backed by EU guarantees, which helps avoid additional debt risks for Ukraine’s State Budget.
Background information
The Ukraine Investment Framework (UIF) is a key investment mobilization instrument and a core component of Pillar II of the EU’s Ukraine Facility, with a total envelope of EUR 50 billion. UIF combines public and private resources, as well as EU guarantee mechanisms, to create sustainable financial conditions for Ukraine’s recovery and development.