EBRD Invests €2.5 Million in Kyiv Medical University for New Campus Amidst Ukrainian Conflict

EBRD Invests €2.5 Million in Kyiv Medical University for New Campus Amidst Ukrainian Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is allocating €2.5 million to Kyiv Medical University (KMU) to establish a new campus in Poland, providing critical support amidst the ongoing conflict in Ukraine. With a strategic focus on assisting Ukraine’s private sector, the EBRD’s loan enables KMU to accommodate students affected by the Russian invasion and enhance educational services. The project, with an overall cost of €4.1 million, signifies the resilience of Ukrainian businesses and aims to expand KMU’s offerings, including new study programs and increased student capacity. This investment underscores the EBRD’s commitment to fostering economic stability and development in Ukraine, with a total deployment of €4 billion since the conflict began.

(PRESS RELEASE) LONDON, 27-Feb-2024— /EuropaWire/ — The EBRD is lending €2.5 million to Kyiv Medical University (KMU), a private business which provides graduate and post-graduate medicine, dentistry and pharmacy education to 3,400 students in Ukraine and Poland, to complete a new campus for its students, who partially relocated to Poland in the wake of the 2022 Russian invasion.

The project will bring new courses and 35 per cent more students, with the Polish campus expected to generate 38 per cent of the company’s revenue this academic year and to facilitate the creation of more than 200 work placements for doctors and educators. Although Russia’s war on Ukraine delivered a severe blow to medical education in Ukraine, with declining international student numbers and declining revenues, this will help the university reliably deliver educational services until the end of the war.

The EBRD, which is Ukraine’s largest institutional investor, has a strategic focus on working with the country’s private sector and lending to small- and medium-sized enterprises is a key part of this support. KMU has been an EBRD client since 2018, when the EBRD lent €1.3 million so the company could acquire its Kyiv campus building. That loan was repaid in full in April 2023.

Now KMU, which has bought two properties in Katowice and Chorzów for its multicultural students, is repeating the campus project in a new location by refurbishing the Polish buildings and procuring new equipment.

The overall cost of the project is €4.1 million, with KMU providing finance alongside the EBRD.

Once the new KMU Polish campus is ready, it will be ready to host over 2000 Ukrainian and international students, as well to offer new study programmes such as physical rehabilitation, clinical psychology and nursing.

Expanding its activities is a mark of the resilience of Ukrainian business and ensures the quality of KMU’s educational services, as well as the safety of students and educators. Ultimately, this campus will help to improve the health and care provided to Ukrainian communities and beyond.

The EBRD has deployed €4 billion in Ukraine since the start of the war. As well as support for the private sector, its strategic priorities in the country are supporting energy security, vital infrastructure, food security and trade.

Media Contact:

Tel: +44 207 338 7805
Email: Group-PressUnit@ebrd.com

SOURCE: EBRD