One of the world's largest lenders – the European Investment Bank (hereinafter– the EIB) will provide up €2.6 billion to Ukraine to support projects in various sectors and private sector projects in Ukraine. There is a two-fold increase in the size of financial support.

The decision was announced on May 14, 2014, at a meeting between the Ukrainian delegation led by Mr Oleksandr Shlapak and an EIB team headed by EIB Vice President Wilhelm Molterer. The meeting was held as part of the Annual Meeting of the EBRD Board of Governors.

During a meeting, the members of the Ukrainian delegation and the EIB team discussed the progress made in implementing 9 ongoing EIB projects in Ukraine and the prospects for the future of infrastructure, transport agricultural business and energy projects, as well as programs designed to support small and medium-sized businesses.

Mr Wilhelm Molterer unveiled plans to visit Ukraine in the near future in order to contemplate the prospects for on-going projects and discuss ideas to launch new projects, in particular, those that could be implemented through deploying the resources of the Team for International Credit Line Management of National Bank of Ukraine.

Governor of the National Bank of Ukraine Stepan Kubiv express his sincere gratitude to the representatives of the EIB, EBRD and the European Commission for the trust that they placed in the Ukrainian authorities and their support for their ambitious economic reforms.