European Commission and EIB Group sign €2 billion guarantee under Ukraine Facility to support country's reconstruction and resilience
Ukraine, March 6 -- The European Investment Bank (EIB) Group and the European Commission signed a guarantee agreement at the EIB Group Forum that will allow the EIB to invest at least €2 billion in urgent recovery and reconstruction efforts in Ukraine. Aligned with the Ukrainian government's needs and priorities, this funding is part of the European Union's €50 billion Ukraine Facility for the period 2024-2027. The funds will support public sector operations across key sectors. Investments will focus on strengthening Ukraine's energy networks, including energy grids, expanding hydropower and renewable energy production, and improving energy efficiency. They will also go toward modernising railways, improving urban public transpo...
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