EBRD in Ukraine Monthly

EBRD financing for Ukraine reached the €1.2 billion mark for the year so far in the first nine months of 2023 alone and the Bank is about to meet its commitment to deploy at least €3 billion in Ukraine over 2022-2023.

Our President Odile Renaud-Basso also recently paid her third wartime visit to Kyiv to reaffirm our full solidarity with Ukraine and strong commitment to continue supporting its real economy.

Our fifth edition of EBRD in Ukraine Monthly brings you up to speed on our efforts to support the country. It also features our President's insights from wartime Kyiv.

Latest News

In case you missed it

'Pushing the frontiers of development finance': Odile Renaud Basso discusses the complex geopolitical context of the debate over MDB reform and private capital mobilisation at Chatham House.

EBRD experts on Ukraine and its way forward

From the field: Odile Renaud-Basso on her third trip to wartime Kyiv

EBRD President Odile Renaud Basso recently visited Ukraine for the third time since the war began. She shares her impressions of Kyiv and takes stock of the EBRD’s support to the country so far.

This was your third visit to Ukraine. What was the purpose of your trip this time?

Indeed, this was my third trip to Ukraine since the war began. To me, these visits are both a duty and a practical necessity so that we can discuss with our government partners what more we can do to support Ukraine. During this visit, I was able to have productive discussions with President Zelenskyy, Prime Minister Denys Shmyhal, and other key figures. I also met our clients and our colleagues in our office in Kyiv, to strengthen our engagement on the ground and provide reassurance of our ability to continue to support them.

What was different this time?

This visit took place in a different context to my first two. Returning to Kyiv, we could see how far we have come. The capital is now better protected by an effective air defence system. Businesses are up and running and life seems closer to normal. But of course, the situation remains difficult – not only on the front line, but in the rest of the country, which is regularly subjected to the bombardment of civilians and essential infrastructure. People are getting prepared for the winter and for a long war.

How is the EBRD going to continue supporting Ukraine?

I am very proud that we have already deployed over €1.2 billion in Ukraine this year, focusing on vital infrastructure, municipal support, food and energy security, financial sector stability, trade facilitation, and strengthening the resilience of the private sector. In all of our engagements, both in government and with our clients, we heard just how valuable and effective the EBRD's support has been.

We will continue our investments – we have a very strong pipeline and are firmly on track to meet our commitment of deploying at least €3 billion of financing over the 2022-23 period.

And of course, we will continue to support reforms – from corporate governance to anti-corruption, energy security, and energy efficiency. These will be particularly important in the context of Ukraine’s journey towards the EU.