The Fiji Times » EU bank unveils new fund worth 400 million euros to help rebuild Ukraine fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.
EU Members Promise Over €400 Million to Aid Ukraine Recovery bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The European Union's lending arm on Thursday unveiled a new fund worth 400 million euros ($447 mln) to spend on rebuilding Ukraine before the bloc's longer-term reconstruction plan kicks in. Sixteen of the EU's 27 countries said they would chip in to the European Investment Bank's (EIB) Ukraine Trust Fund, which will provide grants and loans, as well as offering guarantees to Ukrainian banks and businesses. France and Italy led with contributions worth 100 million euros each to the fund, which a deputy head of the EIB said could go towards repairing large infrastructure, providing financing to small and medium enterprises or public services.
The European Union on Thursday announced a new fund through its lending arm worth 400 million euros ($447 million) to spend on rebuilding Ukraine before.