Minister of Finance Sergii Marchenko Met with EBRD Management

On November 3, 2020, Minister of Finance Sergii Marchenko met with Matteo Patrone, the Managing Director, Eastern Europe and the Caucasus at the European Bank for Reconstruction and Development.

During the meeting, the parties discussed the current progress of implementation of projects supported by the EBRD in Ukraine and prospects for further cooperation.

“Despite the coronavirus crisis, our cooperation with the EBRD in 2020 is effective and successful. The EBRD actively supports the implementation of investment projects on public and private sectors’ development. We expect that by the end of the year the public sector project portfolio will be replenished with two new projects: “Ukrposhta JSC Development Project: Logistics Network and Rural Branch” and “Trans-European Transport Network Development Project” which will allow attracting a total of EUR 513 million to Ukraine's economy,”- noted Finance Minister Sergii Marchenko.

The support for the liquidity of state-owned companies within the framework of the EBRD's Solidarity Package to combat COVID-19 was also discussed.

EBRD is one of the largest institutional investors in Ukraine. Eight joint projects with the EBRD with loans totaling EUR 1,701.0 million are currently underway. As of November 1, 2020, the amount of EBRD loan funds used for these projects is EUR 915.2 million (53.8% of the total loan amount).