Eurasian Integration Yearbook 2012

Ella Baybikova. “Multilateral and Regional Development Banks in Northernand Central Eurasia: Overview of Activities in 2011”2011: Data and Reviewscompany, NAK Naftogaz, to finance the modernisation of the country’s Sovieteragas transportation system ($154 million).The Bank took part in three projects in the production and services sector andprovided a total of $95 million.Moreover, the EBRD approved two projects for $58 million in the field ofdeveloping transport and transport infrastructure.The EBRD launched a $100 million lending facility for micro, small and mediumsizedenterprises in Ukraine to support the development of new loan products,including rural and agricultural lending through local commercial banks. CreditEurope Bank Ukraine (CEB) became the first bank to use the facility through a$10 million loan.European Investment BankIn 2011, the EIB approved financing of two projects in Ukraine for a total amountof $404.5 million, including a joint EIB-EBRD project for modernisation ofUkraine’s gas transportation system with the EIB participation of $154 million,and a loan of $250.5 million to Ukrenergo, Ukraine’s National Power Company,to optimise the use of existing electricity generation capacity.Eurasian Development Bank343