RF: Lviv Liquidity Facility (EBRD-52829)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Specific Location
Lviv
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 11, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
CITY OF LVIV
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 26.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 22,000,000.00
Converted using 2021-05-11 exchange rate.
Project Cost (USD)
$ 26.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 22,000,000.00
Converted using 2021-05-11 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 19, 2021

Disclosed by Bank May 12, 2021


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Can you contribute information about this project?
Contact the EWS Team

Project Description

In order to mitigate the impact of the COVID-19 crisis, the Bank will provide a senior unsecured loan to the City of Lviv and key municipal utilities/operators, who are already Bank clients. The proceeds of the Bank's investment will be used to provide liquidity and working capital support to key municipal companies - existing Bank clients (Recipients) - in order to compensate for temporary revenue losses caused by the COVID-19 crisis and assist vital municipal infrastructure providers with day-to-day operating costs (payroll, etc), operating and maintenance costs, and debt servicing under existing EBRD projects

 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Roman Staretskyy
staretskyy.roman@lvivcity.gov.ua
+38 067 310 54 40

 

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