European Bank of Reconstruction and Development (EBRD) has identified its operational and strategic priorities in Ukraine for the next five years: privatization and management enhancement in the public sector, power safety and efficiency, as well as bank sector strengthening and capital markets development – according Interfax-Ukraina.
“EBRD is going to pay particular attention to the ventures where investments are combined with progress of reforms in such fields as privatization, power safety and efficiency, financial sector, trade and infrastructure”, says the bank.
As per the bank’s release, EBRD will contribute in encouraging the private sector participation in all spheres and further commercialisation of the state-owned companies. The bank will also continue supporting implementation of up-to-date approaches towards public sector procurements and efficient management.
In the energy sector EBRD will assign more resources to create a firm power market structure and enhance the energy links. The bank is going to help in the resource efficiency as well, and the increase of renewable sources power use.
In the finance field EBRD intends to promote development of stable and efficacious bank sector, expansion of variety of the off-bank financial channels and their use.
Among other trends of work in the course of the new strategy is assistance to trade and investments, enhancement of infrastructure connections and support of approximation to the EU standards: the bank shall invest in improvement of coherence via the infrastructure development, help in enlargement of trade and investment flows.
As it was specified by EBRD, the last time the bank had approved its strategy for Ukraine was in 2011, while since 2014 there started to act the crisis response packages taking into account its volatile political and macroeconomic environment, which is going to be replaced by the new program.
EBRD is a major international finance investor in Ukraine. Since the beginning of the bank’s activities in the country in 1993 its integral liabilities amounted to about €12.2Bn in the framework of some 400 projects. In 2017 the bank increased its amount of investments into Ukraine by 37 % as compares to 2016 namely up to €800M.
EBRD plans to realise in 2018 around 25-30 new ventures in Ukraine. Of this number three or four projects shall be realised in the transport field totalling at €100-200M. Nowadays EBRD is funding several projects in the ports and infrastructure sectors of Ukraine, including the construction of a grain terminal of the global raw trader Cargill in the port of Yuzhny.
https://ports.com.ua/news/ebrr-utverdil-novuyu-strategiyu-raboty-v-ukraine
EBRD approving Its New Strategy for Activities in Ukraine
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