EBRD announces its Vice President Bowman's visit to Kiev this week
MOSCOW. June 10 (Interfax) - Mark Bowman, the European Bank for Reconstruction and Development (EBRD)'s vice president for policy and partnerships, will visit Ukraine this week, Ukrainian media reported citing the EBRD's press release published on its website.
While in Ukraine, Bowman is set to meet with Ukrainian First Deputy Prime Minister and Economy Minister Yulia Sviridenko, Finance Minister Sergei Marchenko, Environment Minister Svetlana Grinchuk, other officials from the Economy Ministry and the Development Ministry, National Bank of Ukraine Governor Andrei Pyshny, and Business Ombudsman Roman Vashchuk, it said.
Bowman will also meet clients and international partners and attend a roundtable dealing with a 110-million-euro war risk insurance program launched last year by the EBRD in partnership with global insurance and reinsurance broker Aon to support businesses transporting cargo in Ukraine.
He will also take part in a roundtable on governance and meet experts from the Ukraine Reforms Architecture program, which supports the Ukrainian government in facilitating the transition to a modern, effective and efficient public administration through Reform Support Teams embedded in key ministries, it said.
The EBRD pointed out that it is the largest institutional investor in Ukraine that has provided the country with over 7 billion euros in financing since the start of the crisis.
The EBRD's five investment priorities in Ukraine include support for energy security, vital infrastructure, food security, trade, and the private sector, it said.
As reported, the EBRD last week warned the Ukrainian Finance Ministry that it might block a 141-million-euro loan to Ukrenergo and demand an early payment of 533 million euros over amendments the Energy Ministry had made to the company's corporate charter without the bank's prior agreement.
In addition, some steps by government representatives in a competition commission for electing director of Ukraine's Economic Security Bureau, a structural benchmark of the country's cooperation program with the International Monetary Fund, blocked an election procedure last weekend. The procedure had been postponed once before.