RLF - Lviv Emergency Liquidity II (EBRD-56328)

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.
Specific Location
City of 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Voting Date
Apr 22, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Ukraine - City of Lviv
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
  • Transport
  • Water and Sanitation
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 11.35 million
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.
Currency conversion note:
Bank reported 10
Converted using 2025-04-22 exchange rate.
Loan Amount (USD)
$ 11.35 million
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.
Currency conversion note:
Bank reported 10
Converted using 2025-04-22 exchange rate.
Project Cost (USD)
$ 11.35 million
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.
Currency conversion note:
Bank reported 10
Converted using 2025-04-22 exchange rate.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 28, 2025

Disclosed by Bank Apr 23, 2025

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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, the project consists of a senior loan of up to EUR 10 million to support the City of Lviv via emergency liquidity financing for its key municipal utilities/operators who are existing clients of the Bank in order to mitigate the impact of the ongoing war on the City's financial position and its residents.

The expected Recipients of liquidity support are: i) Municipal Enterprise "Lvivelectrotrans", existing client under UPTF: Lviv Trolleybus (OpID 49844), ii) Communal Enterprise "Zelene Misto", existing client under GrCF: Lviv Solid Waste (OpID 49437), and iii) Communal Enterprise "Lvivvodokanal", existing client under Lviv Wastewater Biogas (OpID 45779).

Due to war-related risks, the loan will benefit from a partial first loss risk cover under the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme.

The Bank's loan is intended to support the key municipal utilities and the public transport operator in 2025-2026 by addressing their critical liquidity needs. This support aims to ensure uninterrupted provision of essential public services in response to direct damage from the war, increased demand for services due to a substantial number of IDPs, and the City's diminishing liquidity.

 

The City of Lviv, the administrative centre for Lviv Oblast, is the seventh largest city in Ukraine and the largest one in the western part of the country with a population of 758,000 people, and ca. 1 million in the Lviv agglomeration.

This number has increased recently due to an influx of refugees from other regions of Ukraine. Given its location, and the City's role as a major educational and economic centre, combined with the concentration of industry (including food industry, light industry, IT, heavy machinery, chemical and construction industries), Lviv is a natural destination for internally displaced people (IDPs).

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

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.

Client - Government of Ukraine / City of Lviv:

Andriy Pavliv
Email: andrzej.pavliv@gmail.com
Phone: +38 (097) 749-90-25
Website: https://city-adm.lviv.ua/

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

How it works

How it works