08/02/2022
Financial support from the European Investment Bank has been instrumental in improving digitisation in Ukrainian institutions
Financial support from the European Investment Bank has been instrumental in improving digitisation in Ukrainian institutions
Ukraine has asked the European Investment Bank (EIB) and the Ministry of Digital Transformation (MDT) for support to approve digitisation projects. The initiative is backed by the FIIAPP through the EU4DigitalUA project.
The proposal has improved communication and dialogue between the EIB and the MDT, providing political and organisational support and establishing the necessary execution procedures to carry it out. The Ukrainian Ministry of Finance has also been involved, mediating legal and financial issues between the entities involved.
The European EU4DigitalUA project addresses topics such as digital transformation, cybersecurity and data protection in Ukraine. To do so, for five months it has supported the EIB and MDT with the process of approving digitalisation initiatives financed by the European Bank. So successful has it been that work has already started on a second phase of technology allocation in the country.
The role of the EIB in digitisation
The EIB, which provides long-term financing for sound investments, has played a key role, working to support digitisation at all levels, such as investing in high-speed digital infrastructure and supporting start-ups in innovative sectors. The European Recovery Fund has also been crucial in financing this project, which is intended to speed up the digital transition.
