German bank KfW has allocated €24.2 million for energy-efficient housing for IDPs

Опубліковано 8 December 2023 року, о 11:30

On 7th December 2023, the Ministry of Reintegration, German bank KfW, and the Ukrainian Social Investment Fund (USIF) signed a €24.2 million grant agreement. The grant is intended to create energy-efficient housing for internally displaced persons – “Promotion of Social Infrastructure Development (USIF IX)”.

The project aims to provide housing for IDPs by rehabilitating existing buildings with modern energy-saving technologies and constructing new buildings.

Eight facilities have already been selected to participate in the project, located in Dnipro, Lviv, Kharkiv, and Khmelnytsky regions.

Furthermore, numerous social programs will be initiated to aid IDPs and build the capacity of host communities.

From 2008 to the present, the German Government has allocated almost EUR 120 million in grants through KfW for the development of social infrastructure in Ukraine, said Tim Prange, Permanent Representative of the German Ambassador Extraordinary and Plenipotentiary to Ukraine.

“Thanks to this important financial contribution, more than 500 social infrastructure facilities have been rehabilitated, buildings for IDPs have been equipped, and some large-scale social programs for local communities and IDPs have been implemented. The €24.2 million grant is another example of our unwavering support,” said Tim Prange.

“We greatly appreciate the aid from the German government, which today is significant both in terms of volume and areas of focus. One vital area of support identified was for those displaced from their homes due to Russian aggression. This demonstrates a true partnership that will always be remembered,” highlighted Vice Prime Minister Iryna Vereshchuk.

Under the current funding, we plan to offer housing to approximately 700 displaced individuals. Lorenz Gessner, the Director of KfW Ukraine, shared his hopes, saying “We wholeheartedly support Ukraine during these times of conflict and are thrilled to continue working alongside the Ukrainian government.”