EBRD and Spain join forces to support Ukraine’s food security and municipal sector

• In addition, many cities and municipal facilities are being severely affected by the war. The EBRD is focused on providing emergency liquidity to hard-pressed municipalities to ensure their continued operation and the uninterrupted provision of essential services, such as district heating, water and wastewater, solid waste and public transport. This liquidity support helps safeguard livelihoods and essential public services for citizens, including internally displaced people.  

First vice-president and EBRD Governor Nadia Calviño, underlined: “This agreement shows Spain's strong commitment to supporting Ukraine and will improve the lives of Ukrainian citizens by funding investments to ensure food security and the needs of municipalities most affected by the war.” 

Spain joins a number of donors that have responded through the EBRD to the financial and technical support needs brought about by the war on Ukraine. Some €1.4 billion has been generously made available to date for operations aimed at keeping the Ukrainian economy going and ensuring energy security, adequate transportation and support for small businesses, among other things. 

The EBRD is supporting Ukraine and its real economy at a time when the country needs it most. The Bank has committed to providing €3 billion of financing over 2022-23 in partnership with international donors to help keep Ukraine’s businesses and economy functioning. In 2022, the EBRD deployed €1.7 billion in support of Ukraine. It also mobilised €200 million directly from partner financial institutions. The Bank has been operating in Ukraine for more than three decades and is the largest institutional investor in the country.