KYIV, April 14 – The European Bank for Reconstruction and Development (EBRD) has approved a framework program worth up to EUR2 billion under the EBRD's Resilience Package, the bank's broad strategic approach in response to Russia's war against Ukraine.

"The framework will be utilized for various types of financing instruments to private clients, sovereigns, municipalities, municipal owned companies and other state-owned enterprises and financial intermediaries (including state-owned banks) in Ukraine and nearby countries affected by the inflow of Ukrainian refugees: Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Moldova, Poland, Romania, Slovenia and Slovakia (affected countries). The sub-projects will be provided out of the bank's ordinary resources, including the bank's financing benefitting from donor guarantees," the bank said.