Foreign visitors, numbering up to a million during Euro 2012, appear to have been left with an overwhelmingly positive impression of tournament co-host Ukraine. But international financial institutions look likely to need more convincing before they re-ignite their once intimate relationship with the developing nation.
Ukraine’s largest financial investor, the EBRD, has committed €7.5bn to the country since 1992, invested across 294 projects, including badly needed pre-tournament upgrades of transport in host cities Kiev and Lviv. Yet both the EBRD and IMF are calling for major political and legal reform if they are once more to step up commitments. Continue reading »