EIB expects to mobilize up to EUR 1 bln for infrastructure projects in Ukraine – Mikulova
The European Investment Bank (EIB) is working on flagship funds that it expects to use to mobilize up to EUR 1 billion in financing for transport, digital and energy infrastructure in Ukraine, and is preparing separate support instruments for large Ukrainian companies that have come under heavy attack in recent weeks.
The European Union is prepared to allocate EUR 20 billion in budget support to Ukraine, contingent upon the country's implementation of various reforms, according to European Commission spokesperson Guillaume Mercier. Mercier highlighted the EU's comprehensive financial support plan for Ukraine, which encompasses a wide range of reforms, including those within the energy sector and the rule of law. Additionally, Mercier mentioned a ten-point plan specifically aimed at rule-of-law and anti-corruption reforms.
The European Union has reached an agreement with Ukrainian authorities and the reforms have been ratified by the Verkhovna Rada, the Ukrainian parliament. Mercier emphasized that the successful implementation of these reforms in 2026 is crucial for unlocking the EUR 20 billion in budget support. He underlined the importance of progress in this regard, stating that the European Commission Executive Vice President Valdis Dombrovskis and Commissioner for Enlargement Marta Kos had recently conveyed this message to the Speaker of the Verkhovna Rada and the Prime Minister of Ukraine through letters.
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- EU expects Ukraine to implement reforms to unlock EUR 20 bln in budget support en.interfax.com.ua
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