by Sergio Gonçalves
LISBON, June 28 (Archyde.com) – Wealthier Western nations are expected to provide grants for Ukraine’s post-war reconstruction as loans from global multilateral banks will not be enough to cover the costs, the vice president said on Tuesday. of the European Investment Bank (EIB).
In a Archyde.com interview on the sidelines of the UN Ocean Conference in Lisbon, Ricardo Mourinho Felix said funding would be needed to rebuild not just the damaged infrastructure but the whole country.
“This involves an important component of ‘subsidies’ which help to support the reconstruction of the country”, he declared, adding that Europe should play a “key role”.
“But other developed countries – the liberal Western democracies – can and must also contribute to this reconstruction”, declared the Vice-President of the EIB.
“This should involve setting up a trust fund, with donor countries whose grants would leverage funding from multilateral banks and international financial institutions to rebuild the country as quickly as possible,” he added. . (Report Sergio Goncalves; French version Federica Mileo, told by Sophie Louet)