About EBRD:
EBRD provides financing for banks, industries, and businesses, both new ventures and existing operations. It offers a range of financial products, including loans, equity investments, and guarantees. The EBRD also offers policy advice and technical assistance to help build effective market economies, promote innovation, and support environmentally sustainable development. With investments exceeding €10bn annually, EBRD is countercyclical investor with AAA rating, with ability to support the clients with further financing.
EBRD in Ukraine
European Bank for Reconstruction and Development is the largest institutional investor in Ukraine, with cumulative investments amounting to €19.7 billion in over 588 projects. Their Ukrainian portfolio worth €4.9 billion, commits 56% to Sustainable Infrastructure, 29% to Industry, Commerce & Agribusiness and 16% to financial institutions. EBRD is also committed to supporting Ukraine, since russia’s invasion in February 2022 EBRD has deployed €4.5 billion in Ukraine. EBRD expertise in Ukrainian markets comes from their strong relationships with the government and wide network of clients. With this expertise, their key areas of focus include: trade finance, energy security, vital infrastructure, food security and private sector resilience. (*Figures are accurate as of December 2023)
In January 2024, the European Bank for Reconstruction and Development (EBRD) launched a significant new initiative: a €300 million financing framework aimed at supporting Ukrainian municipalities. This framework is designed to help cities and towns across Ukraine maintain and restore essential public services that have been disrupted due to the ongoing war. It prioritizes investments in critical infrastructure—such as water, wastewater, district heating, solid waste management, and urban transport systems—ensuring that local governments can continue to meet the needs of their citizens despite challenging circumstances. The funding will be made available through loans to municipalities and municipal service companies, with potential support from international donors.
More information: EBRD launches €300 million framework for Ukrainian cities
In addition to this new framework, two key EBRD-led mechanisms have expanded their reach and impact in Ukraine, playing a vital role in the country’s green transition and economic recovery:
- Green Economy Financing Facility (GEFF):
GEFF Ukraine promotes sustainable, energy-efficient, and environmentally friendly technologies by offering tailored financing solutions through local partner financial institutions. By supporting businesses and homeowners in adopting green technologies—such as energy-efficient equipment, renewable energy systems, and sustainable building materials—GEFF contributes to Ukraine’s long-term environmental resilience. It also empowers local banks to develop expertise in green finance, helping to scale climate-friendly investments across the country.
Learn more: GEFF Ukraine - Ukraine Recovery Guarantee Facility (URGF):
The URGF is designed to unlock private sector investment by offering guarantees that mitigate the elevated risks of doing business in a post-war context. This facility is particularly critical in encouraging both domestic and international private investors to engage in Ukraine’s recovery and rebuilding efforts. By reducing financial risk, the URGF helps accelerate much-needed investment in sectors such as infrastructure, manufacturing, agriculture, and services—fostering job creation, innovation, and economic growth.
Together, these initiatives reflect the EBRD’s deepening commitment to Ukraine’s recovery, green transition, and long-term development, reinforcing international efforts to build a more resilient, sustainable, and inclusive future for the country.
Priority Areas
Infrastructure
• Road rehabilitation
• Support for municipalities:
• Liquidity
• District heating
• Water and wastewater
• Public transport
Financial Institutions
• Trade Facilitation Programme (TFP)
• Resilience and Livelihoods Guarantees (RLGs), including two new financing windows:
• Veterans Reintegration
• Enterprise Renaissance
• Senior funded loans in local currency
Energy
• Distributed generation
• Energy storages
• Renewables
• Biofuels production
• Dedicated financing for small-scale energy generation through Partner Financial Institutions
Industry Commerce and Agribusiness
• Food value chain, building materials and overall resilience of corporate sector
• Liquidity and capital expenditure including projects with green investment components
• Human capital recovery, resilience and veterans support Programme
Investment Support Available
Tailored loan structures
• EBRD has flexibility to provide financing solutions across the capital structure
• Tailored approach to structuring (matching long investment horizons, PIK loans, parallel & syndicated loans, etc.)
• Regional cross-country financing facilities
Greenfield projects
• Deep sector expertise and local knowledge to engage in greenfield financing projects with experienced sponsors
• Can be structured as limited/full recourse, performance linked pricing, and flexible repayment options
Acquisition/JV Financing
• Debt or equity financing to support acquisitions, post acquisition investments
• EBRD’s minority stake and financial investor status – potential good fit in JVs or investments with multiple investors
• Risk mitigation for political, social and environmental factors and providing reputational comfort
EBRD “add-ons”
• Ability to mobilize donor financing for a number of different technical assistance and support areas
• Wide range of support - supplier/farmer training programmes, sustainability audits, innovation, etc.
Link to EBRD website
Telecommunications Investment
In October 2024, IFC and the European Bank for Reconstruction and Development (EBRD) announced a $435 million joint investment to support the merger of Ukrainian telecom firms Datagroup-Volia and Lifecell. This project enhances digital connectivity and internet access across Ukraine. Aims to modernize infrastructure and improve resiliency amid wartime disruptions.
Green Economy Financing Facility (GEFF)
GEFF Ukraine promotes sustainable, energy-efficient, and environmentally friendly technologies by offering tailored financing solutions through local partner financial institutions. By supporting businesses and homeowners in adopting green technologies—such as energy-efficient equipment, renewable energy systems, and sustainable building materials—GEFF contributes to Ukraine’s long-term environmental resilience. It also empowers local banks to develop expertise in green finance, helping to scale climate-friendly investments across the country.
$250 Million Loan to MHP SE to Strengthen Food Security
In partnership with IFC and the European Bank for Reconstruction and Development (EBRD), DFC issued a $250 million loan to MHP SE, a leading Ukrainian agricultural and food production company. This funding helps MHP maintain and scale its operations, reinforcing Ukraine’s food supply chains and contributing to global food security. The loan also supports MHP’s efforts to enhance sustainable farming practices and agricultural exports during a time of immense disruption.
Ukraine Recovery Guarantee Facility (URGF)
The URGF is designed to unlock private sector investment by offering guarantees that mitigate the elevated risks of doing business in a post-war context. This facility is particularly critical in encouraging both domestic and international private investors to engage in Ukraine’s recovery and rebuilding efforts. By reducing financial risk, the URGF helps accelerate much-needed investment in sectors such as infrastructure, manufacturing, agriculture, and services—fostering job creation, innovation, and economic growth.
