The financing provided by the European Bank for Reconstruction and Development (EBRD) to Türkiye climbed to a new record high of 2.48 billion euros ($2.7.
The European Bank for Reconstruction and Development (EBRD) has pledged a record 2.1 billion euros ($2.28 billion USD) in financial aid to Ukraine for 2023, with plans to invest about 1.5 billion euros ($1.63 billion) annually in the coming years, the EBRD said on its website.
Ukraine requires financial and military support to sustain its economy, stated Beata Javorcik, Chief Economist of the European Bank for Reconstruction and Development (EBRD), the business news portal UBN reported on Jan. 18.
Ukraine needs both financial and military support to prevent the government in Kyiv from resorting to "money-printing" to keep the economy afloat. Source: The Guardian, citing the chief economist of the European Bank for Reconstruction and Development (EBRD), Beata Javorcik, in an interview at Davos.