KIEV, April 15 - The Board of Directors of the European Bank for Reconstruction and Development have approved a new country strategy for Ukraine, calling for the country to address “challenges in energy efficiency and energy security, unlocking Ukraine's agricultural and industrial potential, providing good quality and reliable infrastructure and dealing with the legacy of the crisis in the financial sector.”

According to the release, the bank, a major financial investor in the country that has already committed over EUR 6 billion ($8.3 billion) through 264 projects, will focus on addressing these key transition challenges in line with the government's reform program and in close coordination with other International Financial Institutions and bilateral donors.