Rome to Host Ukraine Recovery Conference as US Support Falters
UKRAINE, JUL 10 – The European Bank for Reconstruction and Development will provide up to $1 billion in loans to Ukrainian companies in key sectors, supporting energy projects and mineral development amid ongoing conflict.
- The Ukraine Recovery Conference took place in Rome on July 10-11 to organize and strengthen support for Ukraine's post-invasion recovery.
- The conference was prompted by the 2022 full-scale Russian invasion, ongoing conflict, and critical damage to Ukraine's infrastructure and economy.
- Key outcomes included pledges exceeding 10 billion euros, an EBRD-backed 900 million euro loan risk-sharing scheme, and emphasis on empowering local actors with improved mechanisms.
- Prime Minister Petteri Orpo of Finland, which has contributed over 3.8 billion euros, highlighted Finland's support as aiding Ukraine's EU membership path and announced a civil defence coalition for shelter financing.
- The conference's implications focus on enhancing multi-level governance, local capacity-building, and transparent funding to ensure sustainable, inclusive reconstruction aligned with Ukraine’s evolving needs.
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The President of the Republic at the Ukraine Recovery Conference in Rome
Rome Conference Pledges Billions for Ukraine's Recovery
A conference in Rome, attended by key political figures, has committed over 10 billion euros for Ukraine's recovery amidst ongoing conflict. Hosts Italy and Germany drew parallels with their post-WWII recovery, highlighting international pledges for economic support and a new export guarantee scheme to bolster trade.
The participants in the 4th international conference on post-war reconstruction of Ukraine pledged more than 10 billion euros to help Kiev.
10 bn euros of pledges at Ukraine Recovery Conference-Meloni
Premier Giorgia Meloni said "investing in Ukraine is an investment in ourselves" in her speech at the Ukraine Recovery Conference in Rome on Wednesday, adding that pledges worth over 10 billion euros had been made to the country's reconstruction. (ANSA)
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