The European Union will mobilize 2.3 billion euros for the reconstruction of Ukraine, creating, among other things, a special fund also to mobilize private capital, the European Commission said Thursday.
“With 2.3 billion euros of signed agreements, our goal is to unlock up to 10 billion euros in investments to rebuild houses, reopen hospitals, relaunch business and safe energy,” said its president Ursula von der Leyen, cited in a press release.
Launch of the “largest investment capital fund worldwide”
The EU also plans to launch an “European emblematic fund for the reconstruction of Ukraine”, with 220 million euros, to attract private investments. It will be “the biggest investment capital fund” to help kyiv, assure Ursula von der Leyen, in a speech in Rome before a conference on the reconstruction of Ukraine.
This fund, aimed at relaunching energy or investments in transport, aims to mobilize up to 500 million euros for next year, according to the European Commission.
The 2.3 billion euros includes loan guarantees, for an amount of 1.8 billion euros and more than 500 million donations. The EU is “the main donor of Ukraine, with almost 165 billion euros in help already paid”, since its invasion by Russia in February 2022, said Ursula von der Leyen.
According to an estimate of the World Bank, Ukraine will need $ 524 billion (506 billion euros) for recovery and reconstruction.
Source: BFM TV
