EU lending arm aims to raise 100 billion euros to help rebuild Ukraine
The Reuters news agency says the European Investment Bank is proposing a funding structure previously used during the COVID-19 pandemic to help rebuild Ukraine with up to 100 billion euros ($104.3bn) of investment.
Citing an official document, Reuters said the EU-Ukraine Gateway Trust Fund (E-U GTF) would seek to have an initial 20 billion euros ($20.8bn) in contributions from the European Union countries and the EU budget in the form of grants, loans and guarantees.
The guarantees in particular would have a multiplier effect, leading to infrastructure projects totalling some 100 billion euros, the document said, about half of Ukraine’s more immediate needs.
https://www.aljazeera.com/news/2022...ive-news-six-killed-in-eastern-town-sloviansk
