City of Lviv emergency liquidity loan under RLF



Project number:


Business sector:

Municipal and environmental infrastructure

Notice type:


Environmental category:


Approval date:

19 Sep 2022



PSD disclosed:

20 Sep 2022

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

A senior loan of up to EUR 25 million consisting of EUR 15 million committed ("Tranche 1") and EUR 10 million uncommitted financing ("Tranche 2") to provide emergency liquidity support to the City of Lviv (the "City") and key municipal utilities/operators - existing clients of the Bank ("Recipients") in order to mitigate the effect of the ongoing war on the City's financial position (the "Project" or the "Facility").

Project Objectives

The proceeds of the Bank's investment will be used for liquidity support to the City to provide support to the City itself and key municipal companies, existing clients of the Bank (Recipients) - to compensate for temporary revenue losses (in particular capital revenues) and additional expenses due to the ongoing war related issues and support the City's vital municipal infrastructure providers with the day-to-day running costs (payroll, etc.), operating and maintenance costs, servicing the debt under existing projects with the EBRD (if required).

The Project is consistent with the "War on Ukraine - EBRD Resilience Package".

Transition Impact

ETI score: 70

The project will contribute to the following TI qualities:

Primary - Inclusive -as the Project will help the City to adapt to the impacts of the war in Ukraine, in particular with respect to the refugee flows i and to continue its support to incoming and existing IPDs. 

Secondary - Resilient - as the Project will support the City and consequently its key municipal companies affected by the wider economic consequences of the war

Client Information


The City of Lviv, the administrative centre for Lviv Oblast, is the seventh largest city in Ukraine and the largest one in the western part of the country with a population of 758,000 people, and ca. 1 million in Lviv agglomeration. 

Given its location, and the City's role as a major educational (27 universities) and economic centre and the concentration of industry (including food industry, light industry, IT industry with ca. 21 thousand IT specialists, heavy machinery, chemical and construction industries), it is a natural destination for IDPs.

EBRD Finance Summary

EUR 25,000,000.00

A senior loan of up to EUR 25 million consisting from EUR 15 million committed ("Tranche 1") and EUR 10 million uncommitted financing ("Tranche 2")

Total Project Cost

EUR 25,000,000.00


The City requires the Bank's support amid the unprecedented crisis in Ukraine caused by the ongoing war with the Russian Federation. While the previous project with the City (RF i Lviv Liquidity support signed in 2021) helped to mitigate the negative impact of COVID-19, the City now has to find sources of additional liquidity to support its day-to-day operations. Local lenders are not able to provide such medium term financing, given difficult economic situation in the country.

EBRD financing specifically targets Resilience and Livelihoods programme aiming to help the City, key municipal operators and the City's residents to cope with negative impact of the ongoing war in Ukraine. 

Environmental and Social Summary

Categorised B (2019 ESP). The provision of short-term working capital to the existing clients is not associated with any new environmental or social (E&S) risks or impacts. ESDD has been undertaken by ESD specialists and confirmed that the City and companies have demonstrated encouraging signs of resilience and adequate policy making even under war-time circumstances and largely continue to be in compliance with national law and relevant EBRD PRs, and are on track with implementation of the existing ESAPs. However, the institutional capacity and resources of the companies were significantly stretched due to the war situation and unprecedented pressure to address Environmental, Social, Health and Safety and Public safety (ESHS) risks and issues. Therefore this project will be supported by the TC to provide ESHS management capacity support for the municipal clients, to ensure implementation and governance of the existing projects in line with the requirements of the PRs. Support will also be provided to the City to address the needs for restoration, adaptation, and development for the war and post-war periods according to the principles of sustainable development and Build-Back-Better approach. The Clients will be also provided with support to review the current methodology for monitoring and reporting GHG emissions and necessary improvements/changes/adjustments if needed. The Clients are required to continue to ensure that the new project complies with the PRs as well as submit annual E&S reports to the Bank.

Technical Cooperation and Grant Financing

TC: Environmental, Social and Health Safety Management Capacity Support for the City of Lviv and the municipal companies.The TC will provide ESHS management capacity support for the municipal clients, to ensure implementation and governance of the existing projects in line with the requirements of the Environmental and Social Policy (ESP)

Company Contact Information

Pavliv Andriy Petrovych
+38 (032) 254-60-06
Rynok Square, 1, Lviv, Lviv Oblast, Ukraine, 79008

PSD last updated

20 Sep 2022

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


Share this page: