The European Bank for Reconstruction and Development (EBRD) is lending €50 million to the Ukrainian capital, Kyiv, one of the largest cities in Europe. This loan will help ensure the provision of vital municipal services in the city and mitigate the effects of the ongoing war.
A first loss risk cover guarantee from the EU will cover 25 per cent of the loan. This guarantee is vital to the transaction, helping the city and its key municipal utility to immediately address critical liquidity needs and ensure uninterrupted provision of essential public services. The EBRD loan will be co-financed by a €5 million grant from the United States of America.
