EBRD unveils €2 billion resilience package in response to the war on Ukraine
The European Bank for Reconstruction and Development (EBRD) has announced an initial €2 billion resilience package of measures to help citizens, companies and countries affected by the war on Ukraine. The Bank has also pledged to do all it can to help with the country’s reconstruction, once conditions allow.
Funding will be made rapidly available to support Ukrainian companies, for example, with deferred loans, liquidity support, and trade finance. Where possible, businesses will be helped to relocate so their work can continue.
In addition, the Bank’s Resilience and Livelihoods Framework will help the countries directly affected by inflows of Ukrainian refugees, as municipal authorities face huge challenges in managing the influx of people, especially of women, children, and elderly people.
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