Switzerland's Senate has approved a credit package of CHF96.11 million to support Ukraine's reconstruction efforts.
The funds will be allocated to the European Bank for Reconstruction and Development (EBRD), which is the primary institutional investor in Ukraine. The approved amount will result in approximately €91.97 million in disbursements, with the remaining funds serving as reserves. This strategic allocation aims to maximize the impact of the investment, as each euro of additional capital can generate around six euros in loans.
It is projected that this initiative will enhance Ukraine's capitalization by €24 billion by 2032.
The Senate's approval reflects a strong consensus on the importance of supporting Ukraine, and the expansion of the EBRD's operations to sub-Saharan Africa and Iraq indicates a broader vision for the bank's role in global development.
The House of Representatives will provide its verdict on the proposed credit package, which will determine the timeline and scope of Switzerland's financial involvement in Ukraine's reconstruction.
The EBRD's role as the main institutional investor in Ukraine is significant, and the influx of Swiss capital will enable the bank to leverage funds effectively for reconstruction projects.
The decision to expand activities to sub-Saharan Africa and Iraq demonstrates a commitment to addressing global challenges through targeted financial interventions. By mobilizing resources, the EBRD can play a crucial role in facilitating economic recovery in Ukraine and other regions in need of financial support.