The European Bank for Reconstruction and Development expects lending to rebound in Ukraine next year as it funds projects in energy, banking and agriculture after a drop this year due to delays in forming a government.Total lending in 2016 is expected at around 500 million euros ($558 million), a drop from 1 billion euros in 2015 and 1.2 billion euros in 2014, due to “very difficult politics” that curbed reforms required by investors, EBRD President Suma Chakrabarti said in an interview in Belgrade on Wednesday.
Bloomberg: EBRD sees Ukraine lending rising next year after 2016 slowdown
Ukrainian President Petro Poroshenko (back), Suma Chakrabarti (L), head of the European Bank for Reconstruction and Development (EBRD), and Ukraine's Minister of Ecology and Natural Resources Ostap Semerak attend a signing ceremony at the Chernobyl Nuclear Plant on April 26, 2016.
