The European Bank for Reconstruction and Development (EBRD) has approved a 4 billion euro capital increase, doubling its Ukraine investments post-reconstruction, amid donor fatigue and affecting bond prices. 

The EBRD, the largest institutional investor in Ukraine, has deployed 3 billion euros for 2022-2023, but Fitch warns it could lose triple-A credit ratings if Ukraine defaults on loans.

EBRD shareholders can subscribe to additional shares as part of a capital increase, with subscriptions expected in early 2024 and payments starting in early 2025.

($1=0.9163 euros)