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EBRD and Italy to provide Ukraine with €200 million for hydropower plants repairs

The European Bank for Reconstruction and Development (EBRD) will provide a €100 million loan to finance the maintenance of Ukrainian hydroelectric power plants (HPPs) that suffered war-related damage and destruction, with another €100 million to be provided by Italy. ....

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Ukraine needs increased Western support to avoid "printing money," EBRD says

Ukraine needs both financial and military support to prevent the government in Kyiv from resorting to "money-printing" to keep the economy afloat. Source: The Guardian, citing the chief economist of the European Bank for Reconstruction and Development (EBRD), Beata Javorcik, in an interview at Davos. ....

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EBRD increases capital by EUR 4 billion to continue supporting Ukraine

The heads of the European Bank for Reconstruction and Development (EBRD) have approved the decision to increase the bank's capital by EUR 4 billion, bringing it to EUR 34 billion. Source: European Bank for Reconstruction and Development Quote: "The additional capital from shareholders will be used to provide significant and sustained investment for Ukraine's real economy, both in wartime and in reconstruction, and will help support the EBRD's priorities in all economies where it operates. ....

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More European banks stop financing fossil fuel projects

European lenders have far outpaced banks in the U.S. and Asia when it comes to cutting off fossil-fuel projects. ....

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Naftogaz signs 200-million-euro loan with EBRD

The European Bank for Reconstruction and Development (EBRD) will lend 200 million euros ($218 million) to Ukraine’s state-owned energy giant Naftogaz to help build up its strategic gas reserves, the EBRD announced on Nov. 23. ....

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