The European Bank for Reconstruction and Development (EBRD), as a key creditor of private sector development projects in Ukraine, is ready to increase financial support for the country and expand its Ukrainian field of activities. According to the Cabinet Secretariat’s Department of Information and Communication, EBRD President Suma Chakrabarti stated this at a meeting with Ukrainian Premier Arseniy Yatsenyuk. “The Prime Minister and the EBRD President discussed priorities of cooperation within the Package on strengthening reforms and crisis support of Ukraine. In particular, these envisage the transparency of public expenditure, stabilization of the banking sector, reform of the energy sector, reads the report. – In turn, Suma Chakrabarti confirmed the readiness of the EBRD to further increase its operations in Ukraine, including the financial support of the corporate sector.” As a reminder, the EBRD is one of the top financial investors in Ukraine. The Bank had disbursed more than EUR 9.2 Bl (USD 12.3 Bl) to Ukraine by July 1, 2014 for the implementation of 329 projects. The Small Business Support Group helps companies improve performance and enhance their competitiveness by involving local advisors to solve their concrete business tasks (Business Advisory Services - BAS), or by involving international experts to introduce advanced managerial experience at companies having a market leadership potential. The EBRD stressed in March 2014 that it is ready to provide EUR 5 Bl worth of loans to Ukraine by 2020 within an international program of financial aid to support structural and macroeconomic reform. At the same time, the amount of lending may even be higher if “the economic situation allows.”

UkrAgroConsult