EBRD establishes multi-donor fund to support reforms in Ukraine

newsInternational donors have committed €11 million to a new fund established and managed by the EBRD that will support Ukraine’s efforts to reform its economy, improve its business climate and return to a path of sustainable growth.

Grants to the EBRD-Ukraine Stabilisation and Sustainable Growth Multi-Donor Account (MDA) were made available by FinlandFranceGermanyNetherlandsSwedenSwitzerlandUK and the USDenmarkJapanand Norway are also among countries considering contributing to the fund.

The creation of the account is a rapid response to Ukraine’s immediate economic requirements. The funds will help paving the way for a planned increase in EBRD investments in the country and to provide effective support to the authorities for policy reforms that are urgently needed to stabilise the economy.

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