The EBRD is working to increase its authorized capital, which will allow it to allocate additional funds to the reconstruction of Ukraine, Odile Renaud-Basso said.
Ukrainian President Vladimir Zelensky met with the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso. The press service of the head of state reported this on Friday, September 29.
function news4627455() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4627455&lang=2&IsAjax=true’, function (data) { $(‘#nk4627455’).html(data); });
}
news4627455();
Zelensky thanked the EBRD for its support in countering Russia’s all-out aggression and for the bank’s financing of projects for the development of Ukraine. He emphasized that our country receives investments even during the war, but for restoration and stable economic development their volumes should be significantly larger.
“If we have a reliable air defense system and jobs, people will return to Ukraine even now, while the war is going on,” the president said.
According to him, Ukraine is interested in continued cooperation with the EBRD in the field of energy security, trade financing, support for critical infrastructure and municipalities, food security and the corporate sector.
The head of state emphasized the need to strengthen financing for the implementation of projects in the private sector, as well as attracting additional private capital to restore the country.
In this regard, the President of the EBRD spoke about the negotiations with the Cabinet of Ministers and the Prime Minister regarding the preparation of Ukraine for the winter season.
“We will continue to support Ukrenergo in building protection against air attacks. We are also working with Naftogaz to secure large gas reserves. In addition, we have a project with Ukrhydroenergo. And we will continue to finance Ukrzaliznytsia and transportation, ” said Odile Renaud-Basso.
According to him, the bank intends to focus on projects in the private sector, including increasing production capacity in agriculture. The EBRD also cooperates with banks in financing small and medium-sized enterprises, including in the field of risk insurance.
Odile Renaud-Basso added that the EBRD is now working to increase its authorized capital, which will allow additional financing to be used for the reconstruction of Ukraine.
Earlier, the EBRD said Ukraine’s five-year post-war reconstruction period would require additional investment of nearly $50 billion per year. In particular, we are talking about the inflow of foreign capital.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.