European Bank for Reconstruction and Development Supports Lviv's Municipal Services Amid Ongoing War

The European Bank for Reconstruction and Development (EBRD) has announced a senior loan of up to EUR10 million to the city of Lviv in western Ukraine to ensure the provision of vital municipal services and mitigate the effects of the ongoing war. The European Union (EU) is supporting the EBRD's loan by providing 25% first loss risk cover under its Municipal, Infrastructure and Industrial Resilience Programme. This programme focuses on emergency support and future reconstruction efforts across various sectors, including industry, energy, and municipal infrastructure. Lviv, the seventh largest city in Ukraine, has seen an influx of internally displaced people, with over 758,000 residents and 1 million in the wider Lviv agglomeration.

Key Takeaways:

• The EBRD is providing a senior loan of up to EUR10 million to the city of Lviv to support the provision of vital municipal services.
• The European Union is supporting the EBRD's loan with 25% first loss risk cover under its Municipal, Infrastructure and Industrial Resilience Programme.
• The programme focuses on emergency support and future reconstruction efforts across various sectors, including industry, energy, and municipal infrastructure.
• EBRD will provide liquidity to key municipal operators such as transport company Lvivelectrotrans, waste management operator Zelene Misto, and water operator Lvivvodokanal.
• Technical support will also be provided to the Lviv Veterans Centre through the EBRD's Human Capital Response for Ukraine programme.
• The EBRD has committed over EUR7 billion to Ukraine since February 2022 and has secured a capital increase of EUR4 billion to continue lending at this level in wartime.

Statistics:

• EUR10 million: Maximum senior loan provided by the EBRD to the city of Lviv.
• 25%: First-loss risk cover provided by the European Union under its Municipal, Infrastructure and Industrial Resilience Programme.
• EUR150 million: Total guarantees to be provided by the EU through the EBRD.
• EUR25 million: Investment grants to be provided by the EU through the EBRD.
• EUR7.5 million: Technical assistance to be provided by the EU through the EBRD.
• 758,000: Population of Lviv city.
• 1 million: Population of the wider Lviv agglomeration.
• EUR7 billion: Amount committed by the EBRD to Ukraine since February 2022.
• EUR4 billion: Capital increase secured by the EBRD to continue lending at this level in wartime.

Sources:

• European Bank for Reconstruction and Development: Press release (exact quote and date not specified in the original text)
• European Union: Municipal, Infrastructure and Industrial Resilience Programme (exact date not specified in the original text)