US EditionRome to Host Ukraine Recovery Conference as US Support Falters
- The European Bank for Reconstruction and Development announced it would help Ukrainian banks provide up to 900 million euros in new loans to support various sectors.
- The total cost of Ukraine's recovery is projected to be $486 billion, significantly higher than its GDP.
- Ukrainian Prime Minister Denys Shmyhal stated that recovery needs are increasing due to ongoing Russian attacks, with direct damage reaching $176 billion.
- The EBRD's risk-sharing facility is the largest since the war began, with total wartime financing in Ukraine exceeding 7.2 billion euros, highlighting a focus on energy projects.
33 Articles
33 Articles
The Italian Prime Minister, Giorgia Meloni, will open this conference with the Ukrainian President, expected Wednesday in the Italian capital.
Estimate of Ukraine's recovery needs increased from $486 bln to $524 bln - World Bank
The total cost of recovery in Ukraine as of December 31, 2024, is $486 billion over the next decade, which is approximately 2.8 times higher than Ukraine's projected nominal GDP for 2024, according to the updated Ukraine Recovery and Reconstruction Needs (RDNA4) released by the Ukrainian government, the World Bank Group, the European Commission and the UN on Tuesday.
Daily Journal
Rome to host Ukraine recovery conference as US support falters
Ukrainian President Volodymyr Zelensky heads to Rome this week for a conference of world leaders and businesses aimed at boosting support for rebuilding his war-torn country as US military aid stalls.
EBRD to unlock $1 billion in credit for Ukraine's key sectors, considers mineral projects
The European Bank for Reconstruction and Development (EBRD) will enable Ukrainian banks to provide up to 900 million euros ($1.05 billion) in new loans by sharing credit risks, the EBRD announced in a press release on July 7.The loans will target companies in agribusiness, manufacturing, pharmaceuticals, transport and logistics, as well as energy security projects.The mechanism will be announced at the Ukraine Recovery Conference (URC) in Rome o…
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