€2 billion urgent financial support for Ukrainian refugees in Europe

Published in World
Tuesday, 10 May 2022 14:58

National promotional banks and institutions from EU member states and the European Investment Bank on 6 May launched the €2 billion ‘Quick Response — Care for Ukrainian Refugees in Europe’ initiative. The joint initiative aims to provide immediate relief this year for refugees fleeing the war in Ukraine and to promote the integration of Ukrainian refugees in EU Member States. 

The initiative was launched in Paris by five European national promotional banks and institutions, the European Investment Bank (EIB) and the European Association of Long-Term Investors (ELTI). The participants in the initiative will contribute directly or indirectly through their respective general programmes along with regional and local communities to provide housing for refugees and support their integration into local communities. The initiative could also finance education, healthcare and infrastructure needs and has a target of at least €2 billion of financial support this year.

The urgent support initiative in Europe is a first step as the group considers further measures to help Member States deal with the impact of the Russian invasion of Ukraine.

The five national promotional institutions involved are:

  • Bank Gospodarstwa Krajowego (BGK — Poland)
  • Groupe Caisse des Dépôts (CDC — France)
  • Cassa Depositi e Prestiti (CDP — Italy)
  • Instituto de Crédito Oficial (ICO — Spain)
  • Kreditanstalt für Wiederaufbau (KfW — Germany)

ELTI is the European association of public national promotional banks and financial institutions gathering 31 members all over Europe.

The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

The pan-European support initiative for Ukraine will provide loans, grants, equity investment and guarantees for eligible projects and develop innovative financing structures for public and private infrastructure, municipalities as well as private enterprises of different sizes.

Source: EU NEIGHBOURS east 

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    TBILISI. 13 September 2023 — The newly inaugurated Ukrainian House in Tbilisi marks a significant milestone in enhancing support for Ukrainian nationals living in Georgia. The initiative is spearheaded by the Ukrainian community organization “Georgian-Ukrainian Platform” with support from the Government of Germany through the United Nations Development Programme (UNDP).

    The Ukrainian House stands as a symbol of unity and collaboration, committed to supporting Ukrainian nationals who sought refuge in Georgia amidst the devastating war that inflicts unmeasurable suffering upon the Ukrainian people and has profound global repercussions.

    This multifunctional space, situated in the heart of Tbilisi, will address the needs of Ukrainian non-governmental organizations and volunteer groups committed to assisting Ukrainian beneficiaries in Georgia. The Ukrainian House will serve as both a communal hub, an operational office space, and a referral point for various socio-economic services tailored for Ukrainian nationals.

    In addition to its core mission, the Ukrainian House will be a focal point for cultural exchange. Its dynamic calendar of events will cater to both adults and children, fostering integration and enhancing the growth of Georgian-Ukrainian relations.

    The Ukrainian House officially opened its doors on 13 September 2023, during a ceremony attended by Tanja Hutt, Deputy Head of Mission, German Embassy in Georgia; Oleksandr Shulha, charge d'affaires of Ukraine in Georgia; Anna Chernyshova, UNDP Resident Representative a.i. in Georgia, Valentina Marjanishvili, Head of the Georgian-Ukrainian Platform, and members of the Ukrainian community in Georgia.

    “Germany is proud to contribute to the establishment of the Ukrainian House in Tbilisi. We are confident that this vibrant space will offer support to various Ukrainian community groups in Georgia, while actively fostering social integration," said Tanja Hutt, Deputy Head of Mission at the German Embassy in Georgia.

    “Russia’s full-scale invasion of Ukraine has led to the largest refugee crisis since the Second World War. Nearly one-third of the Ukrainian population was forced to flee their homes, including more than half of all Ukrainian children. Around 25,000 found shelter, security, and hope in Georgia, and UNDP, with the generous support of Germany, is committed to assisting them. We're establishing a community space for Ukrainian civil society organizations, providing grants to entrepreneurs, and offering vital support for employment, recovery, and integration,” said Anna Chernyshova, UNDP Resident Representative a.i. in Georgia.

    "The establishment of the Ukrainian House reflects the close ties between Georgia and Ukraine. This space will offer practical assistance to Ukrainians living in Georgia and will foster connections and nurture talents within our community through cultural and educational events," noted Valentina Marjanishvili, Head of the Georgian-Ukrainian Platform.

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    Today’s payment comes after the Commission found that Ukraine continued to make satisfactory progress to strengthen the rule of law, enhance financial stability, improve the functioning of the gas system and promote a better business climate. 

    This finding will also enable the disbursement of two further monthly payments of €1.5 billion each in May and June.

    Overall, since the start of the war, the support to Ukraine and Ukrainians amounts to around €68 billion. 

    “We will continue helping Ukraine resist Russia’s aggression, keep its institutions and infrastructure running, and conduct crucial reforms,” President of the European Commission Ursula von der Leyen wrote on Twitter.

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    The digital platform includes all functions of a professional social network—a newsfeed, interest groups, and tools for posting and messaging—and will allow female leaders and entrepreneurs to communicate, search for business contacts, suppliers, or investors, and develop their personal brand. All potential platform users will undergo a verification process upon signing up to prevent fraud and ensure they are real persons and reliable partners for cooperation.

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    ###

    About Visa

    Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at visa.com.ge

  • SHALVA PAPUASHVILI - PRESENTLY, IT IS NOT OPPORTUNE TO DISCUSS THE OPEN-DOOR POLICY, WE NEED CONCRETE SOLUTIONS

    "It was a significant opportunity for us to participate in the conference alongside the Speakers of the parliaments of the European Union member states. The central theme of the conference was Russia's aggression against Ukraine. During my speech, I was able to reiterate our unwavering solidarity with Ukraine", - Shalva Papuashvili stated while summarizing the conference of the Speakers of the Parliaments of the EU member and partner countries (EUSC).
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    "Given the prevailing geopolitical scenario, it is crucial for the European Union to take a more serious view of its role in the South Caucasus region. It is time to take a decision regarding Georgia, and it is imperative to understand and make this decision from this perspective. Presently, it is not opportune to discuss the open-door policy, but rather focus on progress. We need concrete solutions that the Georgian people are eagerly anticipating.

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