The Ukraine Early Recovery Programme has been operating in Odesa Oblast since the end of 2019. Thanks to its successful results in 2021, the Verkhovna Rada of Ukraine ratified a new Financing Agreement worth €340 million to continue the activities for the next five years. These funds will be used to rebuild infrastructure and improve living and doing business in conflict-affected regions in eastern Ukraine, as well as to support the country's sustainable development as a whole.
UNDP: Yuliia Samus, Communications Team Leader, UNDP Ukraine; email: email@example.com, tel.: +380971391475
EIB: Olga Sushytska, email: firstname.lastname@example.org and email@example.com; tel.: +380672436355 and +352 4379 21000; Website: www.eib.org/press
About the EIB:
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its member states. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
About the EIB in Ukraine:
The EIB has worked with Ukraine since 2007, where it is the main recipient country of EIB support in the Eastern Neighbourhood, accounting for more than 60% of EIB lending activity in this region. The bank focuses on social and economic infrastructure, transport and connectivity, local private sector development, energy efficiency, climate action, and innovation. Today, the EIB is one of the largest investors in Ukraine with signed projects of €7 bn.
About the Ukraine Early Recovery Programme (UERP):
The Ukraine Early Recovery Programme is implemented in accordance with the Financing Agreement between Ukraine and the European Investment Bank. Through the programme, the EIB provided €200 million in multi-sectoral framework loans to local authorities to rehabilitate important utilities and transport infrastructure and improve living conditions for internally displaced persons and their host communities in nine oblasts of Ukraine: the Ukrainian government-controlled areas of Donetsk and Luhansk oblasts, Kharkiv, Dnipropetrovsk, Zaporizhzhia, Poltava, Odesa, Kherson, and Kyiv oblasts.
About UNDP in Ukraine:
UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality, and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and planet. In Ukraine, UNDP's work focuses on three programme areas: inclusive development, reconstruction and peacebuilding; democratic governance; energy and environmental protection. Today, Ukraine has one of the largest UNDP programmes in Europe.