Italy intends to sign an intergovernmental agreement with Ukraine for EUR 50 million to purchase Italian goods and services for recovery and allocate EUR 100 million to the ERA (Economic Resilience Action) of the International Finance Corporation (IFC) of the World Bank Group to support the private sector, Italian Finance Minister Giancarlo Giorgetti said.
“I would like to emphasize that all these initiatives will be financed from new grant resources, with the clear intention of not placing an additional burden on Ukraine’s state budget,” he said at the URC2025 Ukraine Recovery Conference in Rome, according to a correspondent from the Interfax-Ukraine news agency.
The minister also announced an additional contribution of EUR 10 million for the implementation of an EBRD project in the agro-industrial sector, which aims to modernize Ukraine’s agro-industrial sector while promoting its integration into global value chains.
In addition, Giorgetti stressed the importance of technical cooperation as a basis for effective and sustainable reconstruction and announced his intention to allocate EUR 1.5 million to the European Bank for Reconstruction and Development (EBRD) initiative FIRST (Ukraine Facility for Infrastructure Reconstruction) to assist in the preparation of public investment projects for the reconstruction of infrastructure facilities in Ukraine.
