This is the primary CEB mortgage operation in Ukraine for the reason that nation’s accession on 15 June 2023.

PARIS – The Council of Europe Development Bank (CEB) right now authorised a €100 million mortgage to the Ministry of Health of Ukraine to finance the restoration of well being infrastructure broken by the battle and meet pressing well being wants.

According to the Ministry of Health knowledge, the aggression of the Russian Federation towards Ukraine has precipitated roughly $2.5 billion in injury to the well being sector infrastructure. As a consequence, the supply and accessibility of well being companies in Ukraine have been severely curtailed, significantly within the areas the place armed battle has taken place.

The CEB’s mortgage will assist the Health Enhancement and Life-Saving (HEAL) undertaking, a $500 million framework operation developed by the World Bank in collaboration with the Ukrainian authorities, which is designed to carry collectively improvement companions. The World Bank has already authorised $100 million mortgage and $20 million in grants to get the undertaking off the bottom.

“Today marks a significant milestone in our cooperation with Ukraine for the country’s reconstruction. Our first loan to the Ministry of Health focuses on restoring and improving access to essential health services, including mental health, and represents an important step toward a resilient recovery for the people of Ukraine,” mentioned CEB Governor Carlo Monticelli.

“The reconstruction of healthcare facilities is of vital importance for our people, especially in the context of Russia’s full-scale armed aggression, when a large number of such facilities were destroyed or damaged. I would like to express our full and sincere gratitude to the CEB for welcoming Ukraine among its members and taking this first step towards implementing a socially important project in the healthcare sector. Joining the Bank and having direct representation on the Administrative Council will allow Ukraine to effectively benefit from the Bank’s experience and resources for the fastest possible recovery. This is another step on the path of Ukraine’s further integration into the EU,” mentioned Olga Zykova, Deputy Minister of Finance of Ukraine and CEB Administrative Council consultant.

“Health infrastructure and access to health services in Ukraine have been severely damaged and impaired by the brutal aggression of the Russian Federation. Our goal is to provide Ukrainians with access to medical care, despite all challenges. I sincerely thank international partners, including the CEB, for their reliable support and help to achieve this goal” emphasised Viktor Liashko, Minister of Health of Ukraine.

The funding from the CEB will allow the Ministry of Health to strengthen major well being care, supporting cellular groups that present important well being companies in areas of the nation affected by the battle in addition to distant ones. The undertaking can even finance renovation of hospital buildings and assist handle pressing new well being wants, particularly associated to psychological well being.

In the long-term, the undertaking will enhance the resilience of Ukraine’s well being sector by means of focused investments in e-health and introducing new features for sustainable and revolutionary well being service supply.