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Publication date: 20 December 2024

Governor Carlo Monticelli and Ukraine Prime Minister Denys Shmyhal
Governor Carlo Monticelli and Ukraine Prime Minister Denys Shmyhal

In recognition of Ukraine’s immense needs resulting from Russia’s aggression, multilateral development banks, the European Union and international development institutions have mobilised to strengthen cooperation and co-financing efforts, aiming to enhance our collective and individual responses to the Ukraine crisis.

This coordinated approach supports Ukraine and its neighbours on both financing and policy fronts, ensuring maximum impact on the ground.

The CEB is proud to be part of the international effort to stand by Ukraine in support of its freedom and committed to standing with the international community in addressing this unprecedented challenge.

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Coordinated response

On 16 March 2022, Governor Carlo Monticelli joined the heads of the EBRD, EIB, IMF, and World Bank Group to discuss the impacts of the ongoing war in Ukraine on the global economy and the respective and collective response to this crisis.

“We acknowledge the importance of working together to coordinate our respective responses to support Ukraine and neighbours on the financing and policy fronts and maximize impact on the ground. We are committed to strengthening international cooperation and solidarity in the face of this enormous challenge.”

MoI Procurement

A Memorandum of Intent (MoI) was signed on the margins of the 2023 World Bank Group and International Monetary Fund Annual Meetings in Morocco by the heads of CEB, EBRD, EIB and the World Bank to harmonise procurement practices for public sector investment financed by the MDBs in Ukraine.

CEB statement on Ukraine

“The CEB stands shoulder to shoulder with its member countries to face this crisis, in line with its historic mandate to provide aid to refugees, migrants and displaced persons.”

CEB statement on Ukraine (1 March 2022)

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