Sergii Marchenko addressed the EBRD Board of Governors Plenary Session: EBRD remains one of Ukraine’s largest institutional investors

During the 35th Annual Meeting and Business Forum of the European Bank for Reconstruction and Development (EBRD), held this year in Riga, Latvia, Minister of Finance of Ukraine Sergii Marchenko participated in the Plenary Session of the EBRD Board of Governors and delivered a speech. The Minister of Finance serves as Ukraine’s Governor to the EBRD.

Sergii Marchenko expressed his gratitude to EBRD President Odile Renaud-Basso and the Board of Governors for their unwavering and resolute support of Ukraine throughout the partnership, particularly since the onset of russia’s full-scale invasion, as well as for the substantial increase in investments aimed at supporting both ongoing and new EBRD projects in Ukraine.

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

Thanks to the close cooperation between the Bank and the Government of Ukraine, it has been possible to ensure the stable operation and restoration of critical infrastructure facilities and the uninterrupted completion of heating seasons from 2022 through 2026.

Ukraine and the EBRD have achieved significant progress in implementing joint projects, ranging from project financing in both the public and private sectors to support for the implementation of priority reforms in the financial, energy, infrastructure, and other key sectors.

Currently, the EBRD’s active public sector portfolio in Ukraine consists of 17 projects with a total loan amount of EUR 3.3 billion, the majority of which are concentrated in the energy sector.

The Minister informed participants about the current economic situation in Ukraine. State Budget revenues increased by 15.6% in January-May 2026 compared to the same period last year, demonstrating the effectiveness of reforms in tax and customs administration as well as the resilience of Ukrainian businesses.

At the same time, the war continues to exert significant pressure on public finances. About 70% of all State Budget expenditures are directed toward the security and defense sector.

Sergii Marchenko stressed the critical importance of predictable international support for maintaining macroeconomic stability and financing priority budget expenditures.

The Minister also highlighted the role of international financial institutions in attracting investment to Ukraine.

"Today, investment is one of the key drivers of Ukraine’s economic recovery. We count on further expanding our cooperation with the EBRD, which plays an important role not only as a financial partner but also as an institution that helps mobilize private capital and mitigate risks for investors," said the Minister of Finance.

According to Sergii Marchenko, priority areas of cooperation include the development of energy infrastructure, transport networks, municipal projects, support for the private sector, and digital transformation.

He also drew attention to the rapid development of Ukraine’s defense technologies. He noted that Ukraine has become one of the global centers of innovation in unmanned systems and advanced defense solutions, which are already contributing to the transformation of Europe’s security architecture.