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EBRD to invest $1 billion in Ukraine

Source : 112 Ukraine

EBRD plans to invest $1 billion in Ukrainian economy, particulary in gas sector, but it depends on actions of Ukrainian government for real implementation of reforms
21:02, 3 July 2015

As Reuters said, President EBRD Suma Chakrabarti pointed out that "We're going to aim for (investment of) something getting towards $1 billion ... but it's completely dependent on reform implementation, so it could be less...Good laws in themselves are only really good if they're enforced and implemented"  - he stated.

He flagged the energy, banking and judicial sectors as areas that required particular attention.

If Ukraine meets the required targets, the amount the EBRD will invest in the energy sector this year "will be a large part of the ($1 billion) number," said Chakrabarti.

Next week the EBRD, together with other international financial institutions, is meeting the Ukrainian energy ministry to discuss lending for gas supplies.

The EBRD has already provided  $1.2 billion into Ukrainian projects in 2014, but  Ukraine get investitions only of $100 million so far this year, holding off until it is convinced of progress. 

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