Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Ukraine

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Government of Ukraine

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Law and Government
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Advisory Services

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 24, 2026

Disclosed by Bank Mar 13, 2026

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, Ukraine's insolvency framework is undergoing a major transformation. A significant milestone was reached on 1 January 2025, when Law No. 3985 IX entered into force, harmonising national insolvency legislation with EU Directive 2019/1023 on preventive restructuring frameworks, discharge of debt, disqualifications, and measures to increase the efficiency of restructuring and insolvency procedures.

On 5 February 2026, the Government approved a draft law introducing simplified bankruptcy procedures for micro and small businesses. The draft (Registration No. 15004 dated 06/02/2026) was submitted to the Verkhovna Rada on 6 February 2026.

This Project aims to support the Ministry of Justice's continued alignment of Ukraine's legal and institutional insolvency framework with EU standards and best practices, which is part of Ukraine's "Roadmap on the Rule of Law" adopted in May 2025, a key strategic document guiding reforms in the justice sector, commercial law, and alignment with the EU acquis.

Strengthening the restructuring and insolvency system is essential not only for meeting EU accession requirements but also for enabling economic recovery in the post conflict period. Specifically, this Project will assess the role of both laws and institutions in closer EU alignment and will support the amendment of Ukraine's legal framework to align with the new EU insolvency harmonisation directive expected in 2026.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Information on the investment amount not provided at the time of disclosure.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

EBRD project enquiries not related to procurement:

Phone: +44 20 7338 7168
Email: projectenquiries@ebrd.com

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html