REUTERS
The Bank will focus on investment in privatization, energy security, the financial sector, trade, and infrastructure.
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Ukraine, which sets out the Bank's priorities in the country for the next five years.
Read alsoEBRD may lend Naftogaz US$100 mln for gas purchases
"The EBRD will pay special attention to projects that will integrate investment and policy engagement in areas such as privatization, energy security and efficiency, the financial sector, trade, and infrastructure," the Bank's press service said in a statement.
As reported, the EBRD's operational and strategic priorities in Ukraine will rest on the following five pillars: promoting privatization and commercialization in the public sector; promoting the rule of law and fair competition in the private sector; strengthening energy security; enhancing the resilience of the financial system; and improving integration by facilitating trade and investment.
The new medium-term strategy will replace crisis response packages for the country, which have been in place for Ukraine since 2014 and reflected the country's volatile political and macroeconomic environment, it said.
UNIAN memo. The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment exceeding EUR 12 billion through 400 projects since the start of its operations in the country in 1993.