EBRD and US join forces to help Ukraine
The European Bank for Reconstruction and Development (EBRD) and the United States of America have joined forces to respond to the impact of the war on Ukraine. The United States of America has announced it will contribute US$ 500 million in donor funds to the EBRD’s response to the war on Ukraine.
The funding comes in the form of grants to support investment. It marks a significant milestone in the Bank’s fundraising efforts, which have mobilised some €1 billion for Ukraine and affected countries so far.
“The contribution agreement we are signing today between the USA and the EBRD has come at exactly the right time. We will start deploying it in Ukraine and neighbouring countries as soon as we can,” said Odile Renaud-Basso, the EBRD President.
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