Zelensky held telephone conversation with EBRD leadership and secured financial support

Source : 112 Ukraine

EBRD has already invested over 300 million euros in Ukraine in 2020
16:44, 25 July 2020

President of Ukraine Volodymyr Zelensky

President of Ukraine Volodymyr Zelensky held a telephone conversation with Acting President of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink and Vice President of the EBRD Alain Pilloux. This was reported by the press service of the President's Office.

Zelensky noted that last year the EBRD's portfolio of projects in Ukraine amounted to 1.1 billion euros. The head of state expressed hope for an even more dynamic build-up of cooperation this year.

According to him, the global Covid-19 pandemic raises the issue of financing and supporting the liquidity of public and private sector companies even more acutely. In addition, there is a need to continue investing in infrastructure development in Ukraine.

EBRD President Jurgen Rigterink said that the Bank is ready to provide Ukraine with even more support in times of crisis, and this year has invested more than 300 million euros in Ukraine. He also noted the reforms of corporate governance of state-owned enterprises and banks in Ukraine and the provision of transparency in the procedures for appointing members of supervisory boards.

Related: PrivatBank says its former owners laundered nearly $ 800 million in US

Volodymyr Zelensky noted that the government is working to fulfill the conditions for receiving the second tranche of the IMF and EU loan. The president also said that Ukraine has successfully returned to the external capital market - the Ministry of Finance has raised $ 2 billion, which demonstrates the confidence of investors in our country.

Volodymyr Zelensky expressed hope that the EBRD will continue cooperation with Ukraine on financing infrastructure projects.

"First of all, I mean the development of roads, railway infrastructure and river transport. The Ministry of Infrastructure and Ukravtodor are working to sign an agreement for 450 million euros by the end of the year, which will allow starting the reconstruction of roads next year," he said.

Related: Austria put Ukraine on red list due to risk of spread of coronavirus

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