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- EBRD donors heading towards committing €1 billion to respond to the impact of the war on Ukraine
- Donors strongly support the Bank’s Resilience and Livelihood Framework at the EBRD Annual Meeting
- Bank launches the EBRD Ukraine Response Platform to channel donor support
The EBRD donor community is rallying to support Ukraine and neighbouring countries directly affected by the war by making €1 billion available for immediate and long-term action.
The funding will support the Bank’s response to the war on Ukraine through its Resilience and Livelihoods Framework and related investments. It comes in the form of loan guarantees and grants to support investment.
During the EBRD Annual Meeting in Morocco, donors have expressed a strong commitment to underpin the Bank's Resilience and Livelihoods package. In some cases, the commitments expressed will have to go through national approval processes before being confirmed.
Moreover, to ensure vital support, bilateral and institutional donors are redirecting to Ukraine and the EBRD Framework significant resources previously made available to the Bank.
The EBRD has a unique role to play in this crisis. After more than 30 years of promoting economic transition in Ukraine, the Bank’s emergency response focuses on economic resilience and preparing for reconstruction. Its actions complement the role of other international financial institutions that are helping the Ukrainian government as well as those of humanitarian agencies and people.
The EBRD will match the new resources provided by donors with donor funding from its own capital.
All of the funding will go towards trade finance to maintain the flow of essential goods, towards ensuring energy security, providing emergency liquidity to small businesses, pharmaceutical companies and vital transport providers, and towards enabling Ukrainian municipalities to maintain basic public services for citizens. Critically, the EBRD will target food security through substantial support for the Ukrainian agricultural sector for planting, crop maintenance, harvest and food supply.
The funding will also be used to help refugees maintain their livelihoods in neighbouring countries and to help the municipalities that host them.
To prioritise and efficiently manage donor resources entrusted to the Bank in support of Ukraine and neighbouring countries, the Bank has launched the EBRD Ukraine Response Platform to channel donor support.
Ukraine is at the heart of the Bank’s mandate as one of its largest investee economies. From the beginning of the war in February, the Bank has moved swiftly, from condemning the Russian attack on Ukraine, facilitated by Belarus, to preparing an immediate financial response worth €2 billion. This assistance aims to ensure the resilience of Ukraine and the countries that are welcoming refugees, combined with a plan for the country’s reconstruction when circumstances allow.