EBRD To Boost Investments In Ukraine To USD 1 bln Annually
22 June 2008
Terance Brown, a member of the European Bank for Reconstruction and Development’s (EBRD) board of directors, announced yesterday that the bank would be increasing its annual credit limit in Ukraine to USD 1 bln over the next three years. This move will make Ukraine the second largest destination for EBRD investments, behind Russia, but ahead of Poland and Romania. To this point the total amount of investment Ukraine has received from the EBRD is USD 2.9 bln. According to Brown the EBRD is pleased with the progress of its projects in the country and is looking to increase its presence. Brown is part of a delegation from the EBRD that has been touring Ukraine for the past week.
