KIEV, Nov. 3 – The European Bank for Reconstruction and Development will ensure the allocation of EUR 11 million to support Ukraine's efforts to reform its economy and improve its business climate, according to a statement released by the bank's press service.

According to the statement, international donors have committed EUR 11 million to a new fund established and managed by the EBRD. Grants to the EBRD-Ukraine Stabilization and Sustainable Growth Multi-Donor Account (MDA) were made available by Finland, France, Germany, Netherlands, Sweden, Switzerland, the UK and the United States. Denmark, Japan and Norway are also among countries considering contributing to the fund.