The European Union launched the Ukraine Investment Framework and signed the first guarantee agreements worth €1.4 billion under the Ukraine Facility Programme. These funds aim to accelerate the reconstruction of Ukraine, in particular in energy infrastructure. The announcement was made by Ukraine's First Deputy Prime Minister and Minister of Economy Yuliya Sviridenko at a conference in Berlin.
The financial assistance includes €1 billion in loan guarantees and €400 million in financial grants. The funds will be used to support private companies, the municipalities and state-owned enterprises in Ukraine, with a focus on the repair, reconstruction and development of energy infrastructure.
The Ministry of Economy also provided the full list of programmes aimed at unlocking €6 billion of investment for the country. The main programmes include
- SME support through the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).
- Investment in renewable energy and industrial production through the International Finance Corporation (IFC).
- Rehabilitation of energy infrastructure through KfW.
Agreements worth €100 million were also signed to support reforms in Ukraine in the areas of decentralisation, education, health and border protection. The EU cancelled Ukraine's financial obligations for participation in EU programmes from 1 January 2021, helping to save budget funds.
Comments
No comment yet.