On 18 November, the European Bank for Reconstruction and Development (EBRD) and the Mayor of Mariupol, Vadym Boychenko, signed a memorandum to rebuild Mariupol, which was 90% destroyed in Russian shelling after the beginning of the war.
Under the agreement, the EBRD will prepare a report to examine the damage inflicted on public transport, water and sanitation, solid waste management, and public lighting in the city. The deal is a part of the revival plan 'Mariupol ReBorn' supported by the World Bank, USAID, and other international partners.
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The European Bank for Reconstruction and Development plans to maintain its substantial presence in Ukraine with €1.5 billion ($1.54 billion) in projected investments for 2025, focusing on infrastructure and energy security.