News
20.06.2013
EBRD may slash financing for Ukrainian projects 30% in 2013 over poor investment climate
The European Bank for Reconstruction and Development may provide Ukraine only about 70% of the annual financing total if the country does not improve the investment climate, EBRD Director for Local Currency and Capital Markets Development Andre Kuusvek told journalists on Wednesday. If conditions improve, financing might reach the level of past years, or about 1 billion euro, he said.
Otherwise, it will only be about 70% of last year’s total, he said, adding that an agreement on a new
During their meetings in Ukraine, much attention was paid to improving the investment climate, Bennett said. As reported, the EBRD invested 934 million euro in Ukraine’s economy in 2012, 8% less than the previous year. The bank remains Ukraine’s single biggest investor. It has made commitments to provide over 8.5 billion euro for over 300 projects.
