Ukraine’s Recovery: Ireland contributes €7 million to EIB’s reconstruction fund
On 25 April, the European Investment Bank (EIB), the financing arm of the European Union, announced a €7 million contribution from Ireland to the EU for Ukraine Fund, a complementary instrument established by the EIB to support Ukraine’s recovery and rebuilding efforts.
This new contribution brings the total size of the Fund to more than €410 million.
The announcement was made by EIB President Nadia Calviño and Ireland’s Minister for Finance Paschal Donohoe, in the presence of Ukraine’s Minister of Finance Sergii Marchenko, during their meeting on the margins of the 2025 World Bank Group-IMF Spring Meetings in Washington.
“I welcome this contribution by Ireland to accelerate and support projects that will help Ukraine’s recovery and support Ukrainians and businesses to carry on with their daily lives,” EIB Group President Nadia Calviño said. “This is Europe at its best – demonstrating unity, strong partnership and determination.”
European Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis also welcomed Ireland’s contribution: “Every contribution brings us closer to implementing the urgent recovery and reconstruction efforts needed on the ground.”
The EU for Ukraine Fund has already supported a range of recovery projects across Ukraine, including financing for small businesses to sustain jobs and economic activity, strengthening emergency response services with the rollout of the EU 112 emergency line and supporting the modernisation of urban transport, such as renewing Kyiv’s metro fleet to replace outdated Soviet-era trains and reduce reliance on Russian-made equipment.
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