KYIV, March 18 – European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso, European Investment Bank (EIB) President Werner Hoyer, Governor of the Council of Europe Development Bank (CEB), Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva and President of the World Bank Group David Malpass have met to develop a collective response to the crisis caused by Russia's invasion of Ukraine.

"We acknowledge the importance of working together to coordinate our respective responses to support Ukraine and neighbors on the financing and policy fronts and maximize impact on the ground. We are committed to strengthening international cooperation and solidarity in the face of this enormous challenge," they said in a joint statement on the IMFs website.