New Funding for Ukraine's Reconstruction
The Ministry of Community and Territorial Development of Ukraine has reported signing a series of agreements worth 3.55 billion euros following the URC2025 conference.
According to the ministry's press service, partner countries are ready to support Ukraine's recovery. Notably, the initiative 'Reconstruction Coalition' was launched, along with significant memorandums being signed.
Specifically, the ministry has:
- signed 5 agreements totaling over 370 million euros;
- signed 6 memorandums amounting to approximately 379.3 million euros;
- issued 4 joint statements, 1 grant funding announcement, and received 1 approval for 232.7 million euros.
Additionally, the ministry signed a memorandum with Italy for 100% insurance coverage on export credits up to 1.5 billion euros.
This opens up possibilities for mixed financing of projects, combining concessional loans and grants for reconstruction.
During the conference, 10 agreements were signed between the EU and development banks to finance areas of reconstruction, municipal infrastructure, and energy, totaling 929.3 million euros.
Furthermore, the ministry initiated the allocation of 140 million euros for compensation to displaced persons and preferential mortgage loans.
Within the framework of URC2025, Ukrainian communities signed agreements with European companies worth nearly 200 million dollars.
Reminder:
Ukraine and the European Investment Bank signed a financial agreement for 134 million euros for the restoration of transport infrastructure.
