: Potential billion-euro investment in Ukraine if there are reforms

12:19 Apr. 17, 2016

Potential billion-euro investment in Ukraine if there are reforms

President of European Bank for Reconstruction and Development, EBRD, Suma Chakrabarti speaks during a joint press conference in Budapest, Feb. 9, 2015. (AP Photo)

President European Bank for Reconstruction and Development will visit Ukraine on April 26

The European Bank for Reconstruction and Development (EBRD) will invest billion euros into Ukraine, provided the reforms will be in place. That's according to EBRD President Suma Chakrabarti.

In his interview with the Voice of America, Chakrabarti said the EBRD had successful projects in Ukraine, but the country "did not make any systematic changes."
In early 2013, the EBRD decided to stop funding. However, after the Euromaidan Revolution, it started supporting the new reformist government. In 2014, the Bank's grants helped many Ukrainian companies suffering during the recession.

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"In general, we are planning to invest about a billion euros (we don't have a precise number yet) but only if there are reforms," Chakrabarti said. He added reforms in banking and energy sphere are the priority for Ukraine.

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EBRD President is set to meet with the new Ukrainian government in Kyiv on April 26. "We will be dealing with the new government, the new Finance Minister, and we want to make sure they will continue reforms with the support of Prime Minister and President," he said.


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