Fin 4 Dev

21
JUL
2026

EIB and World Bank Join Forces with New Agreement to Support Ukraine

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Lima, 9 October 2015 – The European Investment Bank (EIB) and World Bank (WB) today signed an agreement under EU guarantee that aims to facilitate the purchase of gas by Ukraine’s national gas company, NJSC Naftogaz.

The agreement was signed today by EIB President Werner Hoyer and World Bank Group President Jim Yong Kim. The EIB will guarantee up to US$520 million of selected World Bank loans in Ukraine, which will enable the World Bank to guarantee letter of credit facilities for gas purchases by Naftogaz. Today’s agreement was facilitated by a counter-guarantee of the European Union granting comprehensive cover to the EIB linked to risks of these selected WB loans in Ukraine.

Read the full news release by clicking here.

World Bank Group
About the Author
The World Bank Group, one of the world’s largest sources of funding and knowledge for developing countries, comprises five closely associated institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Each play distinct roles in the mission to fight poverty and improve living standards for people in the developing world.

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