Skip to comments.EBRD to step up engagement in Ukraine
Posted on 04/15/2014 5:26:07 PM PDT by PieterCasparzen
The European Bank for Reconstruction and Development is planning an increase in its investments in Ukraine, including a return to sovereign lending for public sector projects, as part of an international economic support package for Ukraine.
The EBRD has a portfolio of investments in Ukraine of around 4.7 billion.
While the EBRD's emphasis on private sector projects will continue, the Bank will also return to sovereign lending for public sector investments after abstaining from pursuing them over the last 12 months.
To underpin its investments in Ukraine, the EBRD will reinvigorate its Anti-Corruption Initiative, which should help to address the country's acute problems of corruption and the unsatisfactory business climate.
In the public sector, the EBRD will revive its investment plans. These may include some major infrastructure projects that are critical to the recovery of the country's economy.
The EBRD expects Ukraine's economic output to contract in 2014. The EBRD believes that the implementation of the economic and structural reforms which Ukraine has agreed with the IMF, along with the other support from the international community including our own, should eventually help return the country to economic stability and growth.
(Excerpt) Read more at ebrd.com ...
They "think/hope/feel" that eventually (?) things will (magically?) turn around.
Bottom line, keep the slaves in debt and struggling to survive.
Of course, Russia, UK, Europe, US are all shareholders of the "European Bank for Reconstruction and Development".
Ukrainian civil war should make the Ukrainian business climate for 2014 MUCH BETTER.
Just out of curiosity, how is Russia attacking, capturing land, military bases, ships and towns a civil war?
I don’t see a civil war started yet.