The First Vice President of the Government, Nadia Calviño, has signed an agreement with the European Bank for Reconstruction and Development (EBRD) with which Spain will provide guarantees worth 100 million euro to help municipalities and strengthen food security in Ukraine.
The agreement has been formalised in the framework of the spring meetings of the International Monetary Fund, the World Bank and the G20 in Washington. In the margins of these meetings, the vice president has met with the president of the EBRD, Odile Renaud-Basso.
Spain has provided financial assistance to Ukraine through different instruments such as the World Bank, the European Union and, with this agreement, the EBRD. Spain’s contribution to the European Fund for Peace, an instrument of the European Commission, amounts to 320 million euro.
Since the start of the war, more than 170,000 Ukrainian refugees have been welcomed in Spain, to whom it has also provided health and educational services.
This agreement will contribute to accelerating investments that boost agricultural production and protect the agricultural value chain in Ukraine and other affected countries, addressing the risk of a food crisis and guaranteeing the maintenance of the basic food supply.
In addition, the agreement will facilitate the provision of emergency liquidity to municipalities with the greatest budgetary difficulties and the uninterrupted supply of essential services such as heating, water, wastewater, solid waste and public transport. This support will help preserve livelihoods and essential public services for Ukrainian citizens.
The post Spain provides 100 million euro in guarantees to help Ukrainian municipalities appeared first on Spain Today – Breaking Spanish News, Sport, and Information.
Other Articles
