The Ministry of Finance of Ukraine and the European Investment Bank (IIB) conducted a recent review of the loan portfolio of large projects.
The press service of the Ministry of Finance informs about this, Ukrinform reports.
The visit came under the guidance of the intercessor of the Minister of Finance Olga Zikova, as well as representatives of the IIB – the head of the IIB Representative Office in Ukraine, Kristina Mikulova, and the director of the lending department. in the government sector of the territories of the Joint Partnership of the IIB Mateo Rivelin, as well as with the participation of delegates from the European Commission and the EU Delegation to Ukraine. The look was spent in Kiev for two days – the 25th and 26th of Birth.
The parties identified the main results of the implementation of projects for 2024, as well as further deadlines for ensuring the effective availability of credit resources and guarantees issued by the European Commission within the framework of implementation of Pillar II Ukraine Facility in 2025, in advance, for priority areas of renovation.
The participants also discussed the preparation of new projects for the renewal of social infrastructure in communities with a significant number of people moving before the signing of the 2025 document. ensuring the renewal of water supply and drainage systems in the regions of Ukraine.
Zikova spoke to representatives of the IIB and noted that the European Investment Bank is losing a key financial partner in the process of development and renewal of Ukraine, especially in the hour of large-scale Russian aggression.
“Ukraine’s cooperation with IIB embraces a wide range of areas that effectively meet the key needs of the economic development of the country and a better life for the citizens. infrastructure, housing sector, energy, transport, lighting, as well as the promotion of important social initiatives and digitalization. Today, the IB loan portfolio in Ukraine is one of the largest. among international financial institutions and consists of 24 active projects with a total output of 4.3 billion euros. What is extremely important is the strategic planning of the implemented programs and the prompt recovery of credit assets of the current portfolio,” said the intercessor of the Minister of Finance.
Zokrema, IIB finances:
- two investment projects worth 178 million euros in the field of energy efficiency will cover the development of vocational and technical lighting;
- two investment projects worth 400 million euros in the field of dry goods warehouses for municipal transport in parts of Ukraine;
- three projects worth 640 million euros in the area of renovation of social infrastructure in regions with a large number of internal displacements of people and in regions that suffered from the destruction aggression of the Russian Federation.
Beyond the rest of the river, Ukraine has consistently achieved significant results in the implementation of such initiatives as the “Ukraine Renewal Program”, “Municipal Transport of Ukraine” and “Lighting in Ukraine”.
According to Ukrinform, the European Investment Bank is mobilizing up to 1 billion euros in investment in Ukraine, which will help upgrade critical infrastructure and business.
Photo: Ministry of Finance