The European Bank for Reconstruction and Development (EBRD) intends to direct credit resources to Ukraine in 2005 totaling at least $400 million, whereas in 2004 the bank's investment volume was $350 million, EBRD Director in Ukraine Kamen Zahariev told journalists on Monday evening, according to Interfax-Ukraine.
According to him, taking into account funds from private Western companies attracted to finance the bank's projects in Ukraine, the total investment sum could amount to EUR1 billion. "EUR1 billion - these are real figures. This does not mean that all these investments will be in the form of EBRD loans. If you look at the bank's results for last year, then for approximately EUR1 that we financed, EUR2 was attracted by us in the form of private sector investment," said Zahariev.