International 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 Finland, France, Germany, Netherlands, Sweden, Switzerland, UK and the US. Denmark, Japanand 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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