EBRD invests 812 mln euros in Ukraine in 2020

KIEV, Jan. 20 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) invested 812 million euros (983 million U.S. dollars) in Ukraine in 2020, Ukrinform news agency reported on Wednesday.

In particular, last year the bank launched a joint initiative with the government of Ukraine to improve corporate governance in the public sector.

Some 450 million euros of funds allocated by the EBRD will be directed to the development of road infrastructure in Ukraine. Other areas of the bank's investments were the transformation of the Ukrainian postal operator Ukrposhta, gas production, agricultural development, support for small and medium-sized businesses, and improving the energy efficiency of social infrastructure facilities.

The EBRD is one of the main international lenders and investors in Ukraine. Since 1993, EBRD has invested 14.5 billion euros to support more than 480 projects in the country.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In World

Biden marks Selma anniversary with order to expand voting access
Manhattan’s real estate agents take up TikTok to find renters
New Zealand's Auckland emerges from weeklong coronavirus lockdown
A crisis with a woman’s face
Why it's so hard for survivors to come forward
Boy killed in Senegal protests as opposition steps up pressure
U.S. scientists doubtful of one-shot regimen for Pfizer, Moderna COVID vaccines - WSJ
Uptick in crimes against Mexican politicians points toward violent midterm election
U.S. envoy seeking support to shake up Afghan peace process, warring parties object
Mexican president defends 10-foot barriers to wall off women protesters

Stories You'll Enjoy