The Center for International Private Enterprise (CIPE) and the European Bank for Reconstruction and Development (EBRD) have signed a Memorandum of Understanding
unity of the western nations. i think, with the support, i think the two factors, the ukrainian resilience and bravery will continue. i think with the united front of the western allies, i think it s possible that ukraine will win this war and will win this war this year. well, on that optimistic point, andy hunder, a real pleasure. always good see you, my friend. thank you. good luck. thank you. stay safe and i ll definitely talk to you soon. thank you. so the destruction of large swathes of ukraine has made it hard for the economy to function as well as it did before russia s invasion. and that means the government has had less tax money coming in and has become massively reliant on outside support. one of the biggest providers of that is the ebrd. that s the european bank for reconstruction and development. the multilateral development bank, it was set up when the soviet union collapsed, as a way for western countries to help eastern europe back on its feet. so i ve been speaking to
and then it s very early to see the situation, because it very much depends on the duration of the war. but indeed, the question of the debt sustainability is a concern. i think that s why also we see some donors providing more grants. well, on that point, 0dile renaud basso, the big boss of the european bank of reconstruction and development. always a pleasure having you on the show. thanks for your time. i ll check in with you soon. thank you very much. well, that s it for this week. i hope you enjoyed the show. don t forget, you can keep up with all the latest on the global economy and the war in ukraine on the bbc news website and the smartphone app. of course, you can also follow me on twitter, tweet me, i ll tweet you back! you can get me @bbcaaron. thanks for watching. i ll see you soon. bye bye. hello, there. strong solar activity brought spectacular sightings of the aurora borealis during sunday night into the early hours
pleasure, my friend, having you on the show. let s start with this, because you were the first big boss of a multi lateral development bank to visit kyiv since the war began. in fact, you were there in october of last year. we know president zelensky left you in no doubt about the scale of assistance that s needed. is it achievable? yes, i think it s achievable. i think what is important is to support ukraine now. and i think, one, the level of support and the commitment of countries supporting ukraine is amazing. and it s not only about military support, which is absolutely fundamental, but it s also about economic support, support for the government to be able to pay civil servants, but also support to the economy. and that s what the ebrd have been focusing on, which is really providing financial support to key infrastructure, such as the railway company, the electricity company, which has been bombarded very regularly, has seen