EBRD to continue supporting Ukraine

MOSCOW. Nov 19 (Interfax) - The European Bank for Reconstruction and Development (EBRD) intends to continue its support for Ukraine, EBRD President Odile Renaud-Basso said in her opening remarks at the 4th Food from Ukraine International Summit on Food Security in Kiev on Wednesday, Ukrainian media reported.

She said that, the EBRD, as Ukraine's largest institutional investor, has invested over 8.5 billion euros in Ukraine since the crisis broke out in the country.

She said that the EBRD is focusing on five top priorities, namely, supporting energy security, vital infrastructure, trade, the private sector, and food security.

Renaud-Basso said that the bank's support for Ukraine's food and agricultural sectors since 2022 totaled nearly 2 billion euros in the form of direct funding for agribusinesses and indirect financing through local partners to facilitate business and trade.

She cited Ukraine's development of irrigation as an example. Renaud-Basso said that investment in irrigation could also become a powerful driver of economic stability for Ukraine itself, generating vital export revenue.