LONDON, Sept 19 — The European Bank of Reconstruction and Development expects to continue to invest roughly €1.5 billion per year in Ukraine in the coming two years, the lender’s president said yesterday.
“It depends on the scenarios, but I would expect at least the same, the level of €1.5 billion a year on average, if in the context of war,” she told Reuters on the sidelines of an event at Chatham House in London. “But if reconstruction really started to accelerate, it would increase probably.” In 2022-2023, the bank set aside €3 billion to support Ukraine’s infrastructure and supply credit lines during the conflict, deploying 1.7 billion euros of that total last year.“If there is no heating, no electricity, the winter will be very difficult. That’s why we have mainly been focusing on that.”
“This could weigh negatively on the economy,” she said, adding that the EBRD still expected global economic growth to pick up from next year.