With the creation of the Ukrainian Investment Platform, the DFI G7 and the EBRD are looking to expand it to other institutions investing in Ukraine in the future.
G7 Development Finance Institutions – JBIC (Japan), JICA (Japan), CDP (Italy), FinDev Canada (Canada), Proparco (France), DFC (USA), BII (UK), DEG (Germany) and European Bank for Reconstruction and Development (EBRD) agreed to establish the Ukrainian Investment Platform in Tokyo. This was announced on Friday, May 12, by the press service of the EBRD.
“Ukraine’s needs during the reconstruction period are enormous and beyond the capacity of any single institution. As a result, careful coordination between Ukraine’s partners is needed to maximize efficiency, create synergies and increase impact,” the statement said.
With the creation of the Ukrainian Investment Platform, the DFI G7 and the EBRD are looking to expand it to other institutions investing in Ukraine in the future. The European Development Finance Institutions (EDFI) have been invited to this process and, together with the DFI G7, welcome and support the initiative.
The Ukrainian Investment Platform aims to strengthen cooperation and facilitate information sharing and co-financing among participating institutions to help rebuild Ukraine, focusing primarily on the private sector. The needs of neighboring countries affected by the war will also be considered and considered. The platform will align with identified needs within the G7 Interagency Donor Coordination Platform for Ukraine.
Earlier in February 2023, G7 leaders, in a statement, reaffirmed the G7’s commitment to continue providing humanitarian assistance, helping support the energy sector, and supporting Ukraine’s economic and financial stability.
Recall that the President of Ukraine Volodymyr Zelensky and the head of the EBRD discussed investments in Ukraine.
It was also reported that the Cabinet of Ministers, together with the European Bank for Reconstruction and Development, is preparing a project for the restoration of the railway, in which 200 million euros will be attracted.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.