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European Bank for Reconstruction and Development (EBRD) plans to increase the amount of investment in Ukraine up to 1 billion euros per year over the next few years, instead of 550-750 million euros provided earlier, informs the bank.

"The EBRD plans to invest about 1 billion euros per year over the next few years by significant increase of their investments from 550-750 million euros that were provided earlier in 2014" - said in the message.

The increase is provided in the context of international community response, in particular Ukraine’s announced agreement with the International Monetary Fund.

The bank also plans to return to crediting of projects in the state economy sector within the international economic support for Ukraine. Crediting in the state sector will include large infrastructural projects that are crucial to the country's economic recovery.

Moreover, the EBRD plans to work actively in corporate and financial sectors, as well as provide financing for energy efficiency projects.

"The Bank will aim to expand the financing of small and medium enterprises and open new office in Lviv in order to strengthen its support to this most important segment of Ukraine’s economy", - the report says.

According to EBRD, support of international community to Ukraine, as well as implementation of economic and structural reforms should help to return the country to economic stability and growth.

As UNIAN reported earlier, the European Bank for Reconstruction and Development (EBRD) is ready to give Ukraine a loan of 5 billion euros by 2020 within the international program of financial aid for support of structural and macroeconomic reforms. It was noted that the amount of loans may be even bigger if the "economic situation will enable".

UNIAN’s reference. EBRD is one of the biggest investors and creditors in Ukraine, member of a wide range of projects in both state and private sector of Ukraine. In 2013, the Bank has financed a total of 32 projects in Ukraine amounting to 820 million euros (more than 1 billion USD), which is by 0.2 billion USD less than in 2012.

Source: UNIAN

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