The European Bank for reconstruction and development has identified operational and strategic priorities in Ukraine for the next five years.
“The Bank will pay special attention to the projects in which investments will be combined with reforms in such areas as privatization, energy security and efficiency, financial sector, trade and infrastructure,” — said in a statement on Monday in connection with the approval of their new strategy for Ukraine, writes “Interfax-Ukraine”.
The EBRD will contribute to stimulate private sector participation in all sectors and the subsequent commercialization of public sector companies. The Bank will also continue to support the introduction of modern approaches to procurement in the public sector and effective governance.
According to a report in the energy sector, the Bank will devote more resources to creating sustainable energy market and increasing energy ties. The Bank will also help in increasing resource efficiency and increasing the use of energy from renewable sources.
In the field of Finance, as noted in the release, the Bank will contribute to the development of a stable and efficient banking sector, an increased diversity of non-Bank financial channels and their use.
Among other areas of work under the new strategy — promoting trade and investment, expanding infrastructure linkages and support approximation to EU standards, the Bank will invest in improving connectivity through the development of infrastructure, to help increase trade and investment flows.
Earlier, the Bank argued strategy for Ukraine in 2011, and in 2014 the country had packages crisis response, given the volatility of its political and macroeconomic environment, which is designed to replace the new program.
Earlier, the Bank approved granting Ukraine € 250 million for the development of green energy.