OREANDA-NEWS. The European Bank for Reconstruction and Development stands ready to support the economy of Ukraine with investments of at least €5 billion over the period until 2020 as part of a coordinated international financial assistance programme in support of credible structural and macroeconomic reforms.

That €5 billion amount could be exceeded if economic circumstances permit.

The EBRD believes that it is essential for investor confidence that Ukraine agree a macro-economic stabilisation programme with the International Monetary Fund and that it tackle endemic corruption.

The EBRD has been working over the last year on an Anti-Corruption Initiative with Ukraine and the Bank looks forward to making progress on this with the new authorities.

The EBRD will work together very closely with the authorities in Ukraine to help put in place the appropriate conditions that will support investment in the country.