This week, the European Investment Bank (EIB) hosted Ukrainian government officials to discuss expediting and improving the efficiency of EIB-funded recovery projects. Supported by Ukraine's Ministry of Finance and the European Commission, the sessions from June 25-27 aimed to enhance Ukrainian partners' knowledge of EIB policies, project cycles, coordination mechanisms, and reporting requirements. This workshop is part of the EIB's EU for Ukraine Advisory Programme.

Reconstruction in Ukraine, estimated at $486 billion over the next decade, necessitates significant project management capabilities. To aid this, the EIB launched the €100 million EU for Ukraine Advisory Programme in September 2023. This initiative includes extending JASPERS to Ukraine with a €10 million contribution and providing €400,000 to Naftogaz for its decarbonisation strategy. It also funds technical assistance for the Ukraine Higher Education and Urban Public Transport projects and allocates €10 million for financial inclusion initiatives in Ukraine and Moldova, aligning with EU policy objectives on climate action and sustainability.

Read the full news article here.