Minister of Finance of Ukraine Serhiy Marchenko met with the newly appointed Vice President of the European Bank for Development and Reconstruction (EBRD) for Policy and Partnership Mark Bowman. This is reported by the Government portal.

The sides discussed cooperation between Ukraine and international financial institutions, in particular the IMF and the World Bank, the current state of implementation of projects supported by the EBRD in Ukraine and prospects of further cooperation.

Sergiy Marchenko thanked the Bank's representatives for the effective cooperation and added that EBRD is one of the key partners of Ukraine: "As of November we successfully implement 8 EBRD projects to the sum of 1.68 billion euros. Bank's credit funds are the opportunity to implement important projects in Ukraine. We are interested in further strengthening of cooperation in the priority directions for the country - infrastructure and power engineering".

Besides, the sides discussed the importance of adopting the draft law 5600 that will create an additional resource for the budget in 2022.

During the meeting they touched upon the current state of implementation of projects in the fields of infrastructure, energy, banking, industry and natural resources. The EBRD remains the biggest institutional lender in Ukraine.

As of November 2021 the total volume of the financing provided by the Bank to Ukraine in public, private and municipal sectors is EUR 15.3 billion for 505 projects.

At the same time the accession of Oschadbank JSC to the Deposit Guarantee Fund was discussed, which is the first step towards the EBRD's entry into the bank's capital.