KYIV, Dec 19 – The governors of the European Bank for Reconstruction and Development (EBRD) approved a resolution to increase the bank's paid-in capital by EUR 4 billion, or 13%, to EUR 34 billion to finance the bank's projects in Ukraine and other countries where it operates, the EBRD said in a statement.

"The additional capital from shareholders will be used to provide significant and sustained investment for Ukraine's real economy... and will help support the EBRD's priorities in all economies where it operates," the statement notes.