During a meeting in Kyiv, First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and EBRD President Odile Renaud-Basso discussed strengthening cooperation in key areas and business support programmes, opportunities for expanding private sector financing and lending programmes, attracting investment and other issues of cooperation.

The meeting was also attended by First Deputy Minister of Economy Oleksii Sobolev, Deputy Minister Andrii Teliupa, EBRD Vice President Matteo Patrone, representatives of the Ministry of Economy of Ukraine and the European Bank for Reconstruction and Development.

Yuliia Svyrydenko thanked the EBRD for its cooperation and extremely significant contribution to the development of Ukraine’s economy. According to her, last year the Bank increased its investments in Ukraine to EUR 2.4 billion to finance projects in the energy, infrastructure and other sectors. And since the beginning of the full-scale invasion, the amount of investments has reached EUR 6.2 billion.

Yuliia Svyrydenko also thanked the EBRD for launching a new insurance mechanism at the end of last year.

“An insurance mechanism for goods in transit and in warehouses is something that Ukrainian business has been waiting for a long time. The EBRD’s EUR 110 million guarantee programme is now available to entrepreneurs. I am sincerely grateful to the for this initiative, as war risk insurance is one of the important elements for attracting investors to the Ukrainian market,” said Yuliia Svyrydenko.

During the meeting, the parties discussed the possibility of EBRD support for the creation of private equity funds, in particular in such sectors as energy, industry, critical materials and others.

They also touched upon the implementation of infrastructure and energy projects currently in the EBRD’s portfolio.

One of the key topics was the discussion of even more effective cooperation within the Ukraine Investment Framework.

“This is a EUR 9.3 billion instrument from the European Commission to attract investment in Ukraine’s economy. The EBRD is one of the partners of the programme and is already actively cooperating with the private sector. In particular, we are currently working together to launch the Project Preparation Unit to help prepare high-quality investment projects,” said Yuliia Svyrydenko.

Other topics discussed at the meeting included potential opportunities for expanding private sector financing and lending and cooperation in programmes to provide affordable housing for Ukrainians.

“It is important for us to expand funding for eOselia, so I urged the EBRD to consider supporting the programme,” the Minister of Economy added.

Following the meeting, Yuliia Svyrydenko announced that the EBRD and the Ministry of Economy are working on projects that will be presented at the Ukraine Recovery Conference – URC 2025, which will take place this year in Rome, Italy.

Background

The EBRD is one of the largest institutional investors in Ukraine. As of 1 January 2025, the total amount of funding allocated to Ukraine by the is EUR 20.73 billion in 612 projects. There are 12 joint projects with the EBRD in the public sector of the economy with a total loan volume of EUR 2 billion 395 million under implementation. As of 1 January 2025, the amount of EBRD loan funds disbursed under these projects was over EUR 1 billion 250.86 million.

The total amount of financing provided by the EBRD in Ukraine during the war is almost EUR 6.2 billion. The has been actively cooperating with donors, having raised over EUR 2.6 billion in donor support since 2022, including unfunded guarantees. Following the decision in 2023 to increase capital by EUR 4 billion, the EBRD plans to maintain investments at EUR 1.5 billion annually, with a possible increase during the recovery period.