KYIV, Oct 16 – The Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank have agreed to harmonize procurement procedures for public sector investments they finance in Ukraine.

"A Memorandum of Intent (MoI) signed on the margins of the 2023 World Bank Group and International Monetary Fund Annual Meetings in Morocco by the heads of the four MDBs (multilateral development banks) responds to expectations by the Ukrainian authorities and donors that international organizations working in Ukraine harmonize and streamline their procurement practices as much as possible, while exercising proper fiduciary oversight," the EBRD release states.