EUR 100 million loan approved to rebuild healthcare infrastructure in Ukraine

The Council of Europe Development Bank, on November 17, approved a a loan of EUR 100 million to the Ministry of Health of Ukraine to restore healthcare infrastructure and meet urgent needs.

This was reported by UNN with reference to the press service of the Cabinet of of Ministers of Ukraine.

In the period from November 16 to 17 November 16-17, Deputy Minister of Finance of Ukraine Olga Zykova took part in the meeting of the Administrative Board of the Council of Europe's Development Bank (EBRD) as the newly appointed representative of Ukraine. The newly appointed representative of Ukraine. The event was held in Paris, France. As part of the meeting, the first joint project of concessional loan financing between Ukraine and the EBRD in the healthcare sector under the Public Sector Financing Public Sector Financing Facility (PFF) in the amount of EUR 100 million

Details

According to the document, preferential financing will be used to implement urgent measures to restore the stable operation of the healthcare system. Also, the program will help restore and modernize the network of medical facilities in the de-occupied territories of Ukraine that were destroyed or damaged as a result of hostilities. In addition, the Project will expand the range of medical services and access to them.

 Reconstruction of healthcare facilities is vital оf healthcare facilities is vital for our citizens, especially in the context of the full-scale armed aggression of the Russian Federation, when many such facilities have been destroyed or damaged. The project will expand the range of medical services and access to them, in particular in the field of mental health and rehabilitation, as well as increase their efficiency and quality

It is noted that the the program is part of the World Bank project "Strengthening the health care system and Saving Lives" (Heal Ukraine) project worth $500 million and and will be implemented on a "co-financing" basis with the BRDE.

 To recap

In the summer of 2023 Ukraine completed the accession process and became the 43rd member state of the Council of Europe.

Recently, President Volodymyr Zelenskyy announcedthat the French Development Bank is preparing to start working with Ukraine, noting that together with the fund, issues of restoring Ukraine's critical infrastructure.