The international community contributed additional €550m to the efforts to transform the Chernobyl Nuclear Power Plant into an environmentally safe site and create the conditions for a long-term solution for reactor 4 which was destroyed in the 1986 accident at Chernobyl. The EBRD is managing the international donor funds for Chernobyl. At the conference in Kiev on 19 April, 28 countries made new contributions and several additional countries announced they are still considering making pledges. EBRD President said that the Bank would make available at least €120m to the project and that the Bank would consider additional contributions depending on efforts by other major donors. The Bank’s governors will decide about the EBRD’s new contribution at the Annual Meeting in May 2011 in Astana. The pledging conference was organised and chaired by Ukraine and France as current chair of the G8.
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