Ukraine has received about $8.2 billion in aid and will keep getting up to $2.2 billion a year — EBRD

The European Bank for Reconstruction and Development (EBRD) said it actively participated in all four thematic areas of the URC-2025 conference: EU accession, private sector business recovery, local and regional recovery, and social recovery and human capital.

As part of Ukraine’s path to European Union accession, the EU agreed to provide €540 million (about $588 million) through EBRD programs under the Investment Program for Ukraine. The funds will support increased EBRD lending to Ukrainian small and medium-sized enterprises and help accelerate renewable energy projects.

The EBRD also announced Ukraine will receive €30 million (about $32.7 million) in recovery support through a new Ukraine First mechanism, a joint effort by the EBRD, EU and European Investment Bank (EIB) to streamline the planning and implementation of major infrastructure projects.

In the business recovery category, the EBRD presented a substantial package of financial and advisory support. This includes a €160 million (about $174 million) loan to Ukrnafta to fund 250 MW of small-scale gas-fired distributed generation across the country. The EBRD also signed portfolio risk-sharing facilities worth €185 million (about $201 million) with PrivatBank and €89.2 million (about $97 million) with Ukrgasbank, enabling loans to businesses and households totaling up to €900 million (about $980 million).

The EBRD will also provide €100 million (about $109 million) in financing to agro-industrial producer MHM, in partnership with British International Investment and Sweden’s Swedfund. Of that, €40 million (about $43.6 million) will come directly from the EBRD. Additional loans include €50 million (about $54.5 million) to NovaPost to support its 2025–2026 investment plans and growth, and $25 million to Varus to support its sustainable, energy-efficient expansion.

The EBRD also announced a €6.5 million (about $7.1 million) investment in Flyer One Ventures Fund V, a venture capital fund focused on early-stage tech companies from Ukraine and Central and Eastern Europe. The EBRD and International Finance Corporation plan to expand private equity initiatives with Ukrainian fund managers to mobilize more capital.

To encourage renewable energy development, the EBRD and its partners are creating the Ukraine Renewable Energy De-Risk Facility. This aims to stabilize revenues for developers and support up to 1.5 GW of renewable energy projects, potentially mobilizing €2 billion (about $2.18 billion) in investment. Additionally, the EBRD signed a mandate agreement to provide €60 million (about $65.4 million) to Galnaftogaz for wind energy development.

To support capital market development, the EBRD signed a memorandum of understanding (MoU) with Ukraine’s National Bank, Ministry of Economy, Ministry of Finance, and the National Securities and Stock Market Commission to create a vertically integrated capital market infrastructure.

The EBRD also signed agreements with several municipalities. Dnipro will receive a €25 million (about $27.3 million) loan for energy-saving improvements in public buildings. The EBRD will also support the opening of the Superhumans rehabilitation clinic in the city, with donor funding from the Netherlands.

Two €10 million (about $10.9 million) loans will support the reconstruction of wastewater treatment facilities in Lviv and help maintain essential services in Kharkiv. The EBRD also signed a pre-financing agreement with Kyiv for a €150 million (about $163.5 million) loan for new metro trains.

New financing agreements for trolleybuses in Ternopil and Mykolaiv have been signed with donor support from the EU, Spain, Canada, Italy, and the United States.

The EBRD also signed memoranda with the Ministry of Development to prioritize road infrastructure projects and with the Ministry of Agriculture to invest in sustainable irrigation. The bank is exploring rehabilitation of two irrigation systems near Odesa to boost food security.

In the area of human capital, the EBRD and the Ministry of Economy launched a Human Capital Resilience Charter to support returning workers and veterans navigating the post-war labor market. The EBRD joined leading Ukrainian employers in signing the charter.

Earlier, the EBRD revised its 2025 forecast for Ukraine’s real GDP growth from 3.5% to 3.3%, while maintaining its 2026 forecast at 5.0%, assuming an end to Russia’s full-scale invasion.