EBRD prepares to raise more funds to rebuild Ukraine

Published by
Reuters UK

By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – The European Bank for Reconstruction and Development (EBRD) said it is preparing to raise additional funds for the reconstruction of Ukraine after Russia’s invasion, after pledging to spend 1 billion euros in the country in 2022. The European Union has estimated that the overall cost of the damage to Ukraine as a result of what Moscow calls a “special military operation” could stand at between 500 billion euros ($530 billion) and 600 billion euros. “(We) expect to get donors funding in particular for the reconstructio…

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