EU approves €1.5 billion investment package to support Ukraine’s recovery

On 5 March, the Steering Board of the Ukraine Investment Framework (UIF), the investment arm of the Ukraine Facility, approved a new package of eight investment programmes to address Ukraine’s most pressing economic and social challenges.
These programmes, totalling €1.5 billion, are expected to mobilise up to €3.4 billion in new investment over the next three years. These funds will be directed to key sectors of the economy, including energy, education, infrastructure, agriculture and small business development.
For the first time, UIF funding will support dual-use technologies and strategic sectors. This is in line with the European Commission’s commitment announced at the EU-Ukraine Investment Conference last November.
The new UIF programmes will be implemented by financial institutions. In particular, banks that already cooperate with the European Commission in Ukraine (EBRD, IBRD, KfW, IFC), as well as new partners (Finnvera, Bpifrance, CDP).
To date, 8.4 billion euros have already been distributed within the UIF, which is 90% of its total financing. It is expected that these funds will allow mobilizing up to 25.2 billion euros of investments in Ukraine.
Source: https://uaprom.info/news/ies-zatverdyv-paket-investytsij-na-e1-5-mlrd-dlia-pidtrymky-vidnovlennia-ukrainy/