The European Bank for Reconstruction and Development (EBRD) said on December 19 its board has approved a 4 billion-euro ($4.3 billion) capital increase that will enable the bank to double its Ukraine investments once reconstruction there begins. The increase, the third in the bank's history, will bring its capital base to 34 billion euros once it takes effect on December 31, 2024. It comes at a time when Ukraine's bilateral funders, most significantly the United States, have shown signs of donor fatigue, which has weighed on Ukraine's bond prices.
EBRD Board Approves 4 Billion-Euro Capital Increase To Boost Ukraine Funding
The headquarters of the European Bank for Reconstruction and Development in London