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European Investment Bank calls for immediate rebuilding of Ukraine

by Smith
2022年9月7日
in Investment
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A destroyed house in Mariupol

Read also: Russians launch missile attack on infrastructure in Odesa Oblast

“We have to be proactive, we should be doing this right now,” Hoyer said, speaking at Forum-2000 conference in Prague, Czech Republic.

Read also: Ukraine’s General Staff says hospitals in Crimea have stopped admitting civilians to free up beds for wounded soldiers

“There are some on the bank’s board, particularly certain finance ministers, who are very responsible about EIB’s funds, and say: we should avoid investing in something if it still can get destroyed by Russians. I’m convinced that’s the wrong approach.”

Read also: Russians using hospital as military base in Melitopol

According to Hoyer, free and liberated areas of Ukraine will “bear the brunt of the rebuilding,” and are currently “keeping the Ukrainian economy running.”

“We ought to rejuvenate these areas right now,” said Hoyer.

“We’ve financed many Ukrainian hospitals since 2007, which have been destroyed in the war . Those hospitals are needed right now. We can’t wait for a ‘lasting peace’ to emerge.”

The official added that public funds won’t be enough to finance Ukrainian renewal, meaning that the private sector would have to be mobilized for the effort.

“We had an EU instrument like that in recent years – the European Guarantee Fund; perhaps something similar could be set up here as well,” Hoyer concluded.

Read the original article on The New Voice of Ukraine

Tags: fund investmentinvestment

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