EBRD-Ukraine Stabilisation and Sustainable Growth Multi-Donor Account

The ‘EBRD Ukraine Stabilisation and Sustainable Growth Multi-Donor Account’ (Ukraine MDA) was launched in 2014 as part of a multilateral crisis-response measures to provide urgent support to Ukraine in the wake of major political, security, economic and humanitarian crises.

A total of fourteen donors have contributed €53.5 million to the Ukraine MDA, out of which a portfolio of 38 projects have so far been or are being delivered, with a total earmarked value of €36.9 million. The Fund is managed by the EBRD and is the only such single-country focused arrangement in the Bank.

Bank’s independent Evaluation Department (EvD) was asked by EBRD management and the MDA donors to produce an interim evaluation on an accelerated basis in order to inform discussion and decisions about Fund’s effectiveness and potential extension ahead of its current July 2020 closure date.

The evaluation provides an assessment of: MDA relevance and effectiveness as a crisis response mechanism; its governance principles; the efficiency and effectiveness of its activities and sustainability of its results; and, any impact it has on the Ukrainian investment climate and economic growth, where possible to assess. The evaluation covers nine completed projects and 27 ongoing projects spanning 2014 to mid-2019.