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EBRD to ensure allocation of EUR11 million to support Ukrainian economy
04.11.2014 15:40 "Agro Perspectiva" (Kyiv) —
The European Bank for Reconstruction and Development (EBRD) will ensure the allocation of EUR11 million to support Ukraines efforts to reform its economy and improve its business climate, NRCU says referring to the Bank press service report.
As to report, international donors have committed EUR11 million to a new fund established and managed by the EBRD. Grants to the EBRD-Ukraine Stabilization and Sustainable Growth Multi-Donor Account (MDA) were made available by Finland, France, Germany, Netherlands, Sweden, Switzerland, the UK and the United States. Denmark, Japan and Norway are also among countries considering contributing to the fund.
Reportedly, 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 stabilize the economy. As to earlier reports, the EBRD plans to invest EUR 1 milliard in Ukraines projects in 2015.
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