Ukraine Stabilisation and Sustainable Growth Multi-Donor Account (MDA) - European Bank for Reconstruction and Development (EBRD)

Donor: 
Any donor
International Finance Institutions
Geographical focus: 
Global
Europe
Thematic focus: 
Tourism in general
Energy in Tourism
Infrastructure in Tourism
Policy and Governance in Tourism
Trade, Investment and Competitiveness in Tourism
Intro text: 
This MDA was established by the EBRD in 2014 in support of Ukraine’s efforts to reform its economy, improve its business climate and restore sustainable growth.

Official website

www.ebrd.com/news/2014/-ebrd-establishes-multidonor-fund-to-support-reforms-in-ukraine.html

Geographic focus

Ukraine

Who can apply?

Public sector entities and private sector companies.

Objectives and activities

Objective: The MDA enables the Bank to provide support for policy reforms that are urgently needed to stabilise the economy, and paves the way for a planned increase in EBRD investments in the country.

Activities: In the use of the funding there will be a strong emphasis on improving the investment climate and combatting corruption, stabilising the banking sector, increasing energy security, expanding private sector competitiveness and upgrading municipal infrastructure.

One such priority is combatting corruption, which has undermined economic and democratic progress. The EBRD, international organisations, local authorities and business associations have launched an Anti-Corruption Initiative (ACI) with the goal to improve the investment climate and to strengthen the economic outlook by ensuring greater accountability, transparency and more effective rule of law.

Type and level of funding

Donors are: Denmark, Finland, France, Germany, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States. They have committed €11 million.

Financial assistance is provided in the form of technical cooperation and grant co-financing activities. The EBRD is on track to deliver around €1 billion of new investments in Ukraine this year alone. The Bank is the leading investor in Ukraine with €9.5 billion invested to date.