UKRAINE: The EBRD Board of Directors has recommended a paid-in capital increase of EUR4 billion to enable the bank to provide significant and sustained investment for Ukraine, now and in the future. The proposal, submitted for governors’ consideration, would enable the EBRD to continue providing a sustained level of investment during wartime of EUR1.5 billion a year and increase its annual investment in Ukraine to EUR3 billion in the future.
The decision is in line with the governors’ recognition that support for Ukraine should be the bank’s highest priority, now and in the future, following Russia’s full-scale invasion of the country. The capital increase would take effect from the end of 2024, with the first payments to come in early 2025.
The additional capital would enable the EBRD to continue providing sustained investment during wartime and increase its annual investment in Ukraine to three times the pre-war average. This would preclude the need to systematically share risk with shareholders and donors through guarantees and grants.
The EBRD is a committed and steadfast partner of Ukraine, having been the largest institutional investor in the country over the last 30 years, with a cumulative investment of more than EUR18 billion in more than 500 projects. The bank’s investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient, and integrated.
If the governors approve the proposal, this will be the third capital increase in the EBRD’s history, following similar decisions in 1996 and 2010. The increase in capital of this size will strengthen the EBRD’s balance sheet and ensure that the bank can undertake increased investment in Ukraine and continue fully supporting the other economies where it invests in tackling their transition challenges.
The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiatives in 36 economies across three continents. The bank is owned by 71 countries as well as the EU and the EIB.
 Board of Directors has recommended a paid-in capital increase of EUR4 billion to provide sustained investment for Ukraine, following Russia's full-scale invasion of the country. The proposal, submitted for governors' consideration, would enable the EBRD to continue providing a sustained level of investment during wartime of EUR1.5 billion a year and increase its annual investment in Ukraine to EUR3 billion in the future.){kind=link}