EBRD to sign 2 investment projects, 4 energy, private investment MoUs at Ukraine Recovery Conference

MOSCOW. June 20 (Interfax) - The European Bank for Reconstruction and Development (EBRD) has reaffirmed its full strong commitment to the Ukraine Recovery Conference (URC2023), to be hosted by London on June 21-22, and has announced that two investment projects and five memoranda of understanding (MoUs) and statements will be signed on its sidelines.

At or on the margins of the conference, the EBRD plans to sign two transactions, one in agribusiness under its Food Security Pillar, and the other in the financial institutions sector under the Resilience of the Private Sector program, Ukrainian media said, citing an EBRD statement circulated on Monday.

"The bank also expects to sign three Memoranda of Understanding with Ukrainian Prime Minister Denis Shmygal on further work to boost Ukraine's energy security, one covering hydropower in the wake of Novaya Kakhovka, one electricity and one gas," the bank said.

EBRD President Odile Renaud-Basso will sign on behalf of the bank a memorandum of understanding with 17 development finance institutions on collaboration when making co-investments in Ukraine, mainly in the private sector. This builds on an initial commitment in May by the EBRD and the development finance institutions from the G7 countries to establish a joint Ukraine investment platform.

Finally, the EBRD will sign a statement of intent on relaunching the insurance market in Ukraine," it said.

Renaud-Basso will be joined at the URC2023 by the EBRD's Vice President, Policy and Partnerships, Mark Bowman, Managing Director, Eastern Europe and the Caucasus, Matteo Patrone, Managing Director, Impact and Partnerships, Ines Rocha, Managing Director, Policy Strategy Delivery, Christoph Denk, and Deputy Heads of EBRD in Ukraine Mark Magaletsky and Irina Kravchenko.