Sergii Marchenko spoke at the Plenary Session of the EBRD Board of Governors. The EBRD's priorities for the next five years were discussed

On the sidelines of the 34th EBRD Annual Meeting and Business Forum, taking place in London, Ukraine’s Minister of Finance, Sergii Marchenko, took part in the Plenary Session of the EBRD Board of Governors and delivered a speech. The Minister of Finance of Ukraine serves as the EBRD Governor for Ukraine.

Sergii Marchenko expressed gratitude to EBRD President Odile Renaud-Basso and the Board of Governors for their unwavering and resolute support of Ukraine throughout the entire period of cooperation, especially since the start of russia’s full-scale invasion, as well as for significantly increasing investments to support existing and new Bank projects in Ukraine.

The Minister noted that the EBRD remains one of Ukraine’s largest institutional investors and plays a key role in the country’s reconstruction and recovery.

Key points from Sergii Marchenko’s remarks:

Close cooperation between the Bank and the Government of Ukraine has ensured the stable operation and restoration of critical infrastructure and the uninterrupted completion of heating seasons from 2022 through 2025.

Significant progress has been achieved in the implementation of joint projects. Ukraine highly values the full spectrum of support provided by the Bank during this time of uncertainty – from project financing in both the public and private sectors to support for priority reforms in finance, energy, infrastructure, and other areas.

The total volume of EBRD financing directed to Ukraine over the course of cooperation exceeds EUR 22 billion. Since the beginning of the full-scale war alone, Ukraine has received over EUR 7 billion from the Bank.

Currently, the EBRD’s public sector project portfolio in Ukraine consists of 12 projects totaling EUR 2.4 billion in loans, with the majority – 60% – allocated to the energy sector.

This year’s Annual Meeting theme – Expanding Horizons, Enduring Strengths – reflects both the geographic expansion of the Bank and the deepening of its commitments, including readiness to significantly scale up investments in Ukraine’s recovery.

The EBRD remains focused on ensuring resilience across all its countries of operation.

Today, Ukraine is a powerful example of such resilience: despite the existential threat posed by russia, Ukraine has maintained economic stability and successfully completed seven reviews under the IMF’s EFF program – a first in the history of Ukraine’s cooperation with the Fund.

With today’s decision to admit new members to the EBRD, Ukraine welcomes the Bank’s new shareholders from the African continent – a region with which Ukraine has long-standing trade relations.

Despite russia’s attacks, Ukrainian farmers continue to ensure agricultural exports to countries of the Global South, maintaining Ukraine’s vital role in global food security.

Ukraine fully supports the EBRD’s 2026–2030 Strategic and Capital Framework – a document that clearly outlines the Bank’s priorities in a highly volatile external environment.

The Government of Ukraine hopes this framework will continue to address Ukraine’s needs during wartime and the post-war recovery, while maintaining balance with other important Bank objectives – such as the expansion into Sub-Saharan Africa, green agenda, private sector mobilisation.