coronavirus measures. tens of thousands of security personnel have been deployed to safeguard ballots. the frontrunner is the son of the late dictator, ferdinand marcos. now on bbc news, talking business. hello, everybody. everyone welcome to talking business weekly with me aaron heslehurst. let s take a look at what s on the show. the cost of war. as the fighting continues in ukraine how much damage is being done to the country s finances, and who will pay for the rebuilding when the shooting finally stops? just keeping the country going through the ravages of war is costing billions of dollars it doesn t have. ukraine s finance minister tells me how bad the damage is and what it means for his country s future. also, how can the rest of the world help ukraine get back upon its feet? i m here in london at the headquarters of the european bank for
and that number, it s growing every day. the destruction ranges from roads and bridges to factories and apartment blocks, and the cost of rebuilding all of that when the fighting is over will be enormous. and ukraine simply can t afford it all by itself. but one organisation that s already looking at how it can help is the european bank for reconstruction and development, known as the ebrd. it was set up to help rebuild central and eastern europe after the fall of communism in russia 30 years ago. so i ve come to its headquarters here in london to catch up with its president. 0dile renaud basso. thank you so much for your time. much appreciated. 0dile, can we start with this just for viewers around the world and perhaps the uninitiated? can you can you explain what the ebrd does? so the ebrd is a multilateral development bank with the government. as a shareholders, we have more than 70 countries being shareholders of the bank. and we ve been created in 1991
everyone welcome to talking business weekly with me aaron heslehurst. let s take a look at what s on the show. the cost of war. as the fighting continues in ukraine how much damage is being done to the country s finances, and who will pay for the rebuilding when the shooting finally stops? just keeping the country going through the ravages of war is costing billions of dollars it doesn t have. ukraine s finance minister tells me how bad the damage is and what it means for his country s future. also, how can the rest of the world help ukraine get back upon its feet? i m here in london at the headquarters of the european bank for reconstruction and development, which was set up to help rebuild central and eastern europe after the fall of communism in russia. i catch up with its president to find out how they can help.
looking at how it can help is the european bank for reconstruction and development, known as the ebrd. it was set up to help rebuild central and eastern europe after the fall of communism in russia 30 years ago. so i ve come to its headquarters here in london to catch up with its president. 0dile renaud basso. thank you so much for your time. much appreciated. 0dile, can we start with this just for viewers around the world and perhaps the uninitiated? can you can you explain what the ebrd does? so the ebrd is a multilateral development bank with the government. as a shareholders, we have more than 70 countries being shareholders of the bank. and we ve been created in 1991 following the collapse of the soviet union in order to support the private sector and the transition of communist countries to world market economies. and so we finance projects.
The European Bank for Reconstruction and Development (EBRD) has expanded financing for its trade facilitation program by EUR100 million, to EUR330 million, in particular to support global food security, the EBRD said in a release on Wednesday.