International organisations operating in Ukraine are harmonising their procurement practices

The Council of Europe’s Development Bank (EBRD), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank have agreed to harmonise procurement procedures for public sector investments they finance in Ukraine.

Ensuring transparency and simplicity of investment management procedures is key – Ukraine is currently receiving billions to support the economy, and these amounts will only increase as the post-war recovery begins.

The World Bank has estimated the cost of rebuilding Ukraine after the russian invasion in February 2022 – based on the damage caused in the first year of the war alone – at USD 411 bln over 10 years.

Follow us on Facebook, Twitter, LinkedIn, or YouTube.