Tag Archives: EBRD

EBRD to Include Climate Resilient Debt Clauses in Loan Agreements for Vulnerable Countries

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the inclusion of climate resilient debt clauses (CRDC) in new loan agreements with sovereign, sovereign-guaranteed, and municipal clients from lower-middle-income countries where it operates. These CRDCs will allow … Read the full press release

EBRD Extends $45 Million Financial Facility to Promote Green Lending and Trade in Uzbekistan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is supporting green lending and trade expansion in Uzbekistan by providing a financial facility of up to $45 million (€42.5 million) to Ipak Yuli Bank, a major private lender in … Read the full press release

EBRD Funds Boost Access to Finance for Women-Led SMEs in Armenia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Acba Bank, a prominent Armenian bank, with support from the European Union (EU) and Sweden. This funding will specifically target women-led small and … Read the full press release

EBRD Approves New Strategy Focusing on Sustainable Mining for Green and Digital Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new mining sector strategy outlining its priorities until 2029. Recognizing the mining industry’s pivotal role in developing environmentally friendly economies in line with the Paris Agreement, the … Read the full press release

EBRD’s Renewable Energy Programme Fuels Transition from Fossil Fuels to Clean Power

(IN BRIEF) The power sector is undergoing a vital transformation to meet climate goals by shifting towards carbon-free electricity production. The European Bank for Reconstruction and Development (EBRD) is actively contributing to this transition through its Renewable Energy Programme, particularly … Read the full press release

EBRD Commits €65.9 Million to Enhance Infrastructure and Climate Resilience in Kyrgyz Republic

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has pledged €65.9 million in sovereign loans and grant funding to improve the electricity and water supply systems in the Kyrgyz Republic, addressing critical infrastructure and climate resilience needs. The … Read the full press release

Serbian Railways Launch Comprehensive Governance and Performance Improvement Program with EBRD Support

(IN BRIEF) Serbian Railways Infrastructure JSC is embarking on a comprehensive program aimed at enhancing its corporate governance and operational efficiency, backed by the European Bank for Reconstruction and Development (EBRD) and donors. This initiative encompasses three technical assistance projects: … Read the full press release

EBRD Invests €60 Million in M Plus Croatia for International Expansion in BPO Services

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has finalized an investment agreement with M Plus Croatia, a subsidiary of Mplus Group, a Croatian business specializing in business-process outsourcing (BPO) services provided to companies in 57 countries. The … Read the full press release

EBRD Invests €20 Million in Bank Pekao’s Debut Green Eurobond Issuance to Support Sustainable Finance in Poland

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has committed €20 million to participate in the debut Eurobonds issued by Bank Polska Kasa Opieki, commonly known as Bank Pekao, as part of its €500 million public placement of … Read the full press release

EBRD Lends €200 Million to Naftogaz for Strategic Gas Reserves, Bolstering Ukraine’s Energy Security Amidst Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €200 million loan to Ukraine’s state-owned gas entity, Naftogaz (NAK), to support the establishment of strategic gas reserves during the second winter heating season since the Russian … Read the full press release

EBRD and Clean Technology Fund Partner with ING Türkiye to Boost Green Investments and Women-Led SMEs with €100 Million Financing Package

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) are joining forces to provide a €100 million financing package to ING Türkiye and ING Leasing in Türkiye, aiming to support green investments and … Read the full press release

AFRY Advocates Collaborative Efforts for Ukraine’s Reconstruction at ReBuild Ukraine Conference

(IN BRIEF) Global engineering and advisory firm AFRY recently participated in the 3rd International exhibition and conference ReBuild Ukraine powered by Energy in Warsaw, Poland. During the event, AFRY emphasized the need for collaborative efforts across sectors to facilitate Ukraine’s … Read the full press release

EBRD Report Explores Global Economic Transformation’s Impact on Individuals

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has released a report titled “Transitions big and small,” examining how the profound structural changes in the global economy are affecting people’s lives, livelihoods, and living conditions in EBRD regions. … Read the full press release

EBRD Transition Report 2023-24 Explores the Impact of Green Transition on Jobs, Happiness, and Structural Reforms

(IN BRIEF) The EBRD Transition Report 2023-24, titled “Transitions big and small,” examines the profound changes required for the global shift to net-zero emissions. It highlights the transformation of economies, supply chains, and daily lives due to climate change, technological … Read the full press release

EBRD Celebrates Women Entrepreneurs Making Strides

(IN BRIEF) In honor of Women’s Entrepreneurship Day, the European Bank for Reconstruction and Development (EBRD) shines a spotlight on the remarkable achievements of three inspiring women-led businesses. These entrepreneurs have thrived with the support of the EBRD’s Women in … Read the full press release

EBRD’s First InvestEU Project Supports 30 MW Solar Capacity in Croatia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with the InvestEU program for its inaugural project, aimed at supporting sustainable economic initiatives. The project involves financing the construction of 30 MW of solar generation capacity in … Read the full press release

EBRD Expands Partnership with TBC Bank in Georgia with $30 Million Financing to Boost Climate Governance

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is strengthening its collaboration with Georgia’s leading financial institution, TBC Bank, by providing a $30 million (€28.1 million) financing facility. This funding is aimed at bolstering TBC Bank’s capital base … Read the full press release

EBRD Provides €6 Million to Boost Kosovo’s MSMEs and Green Economy

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is allocating up to €6 million to Banka për Biznes in Kosovo for onward lending to micro, small, and medium-sized enterprises (MSMEs). This initiative aims to enhance entrepreneurship, market competitiveness, … Read the full press release

EBRD and Green Climate Fund’s High-Impact Programme Aims to Transform Hard-to-Abate Sectors for Net-Zero Goals

(IN BRIEF) The transition to a net-zero economy presents significant challenges for various industries, especially “hard-to-abate” sectors such as cement, steel, chemicals, mining, shipping, and aviation. These sectors contribute to about 30% of global emissions, making their transition crucial. The … Read the full press release

Kyrgyz Businesswoman Empowers Women in the Hotel Industry Through EBRD Support

(IN BRIEF) Women globally perform at least 2.5 times more unpaid work than men, with working mothers often balancing multiple roles, including employment, household chores, and childcare. In Central Asia, traditional constraints add to the challenges faced by women. Saikal, … Read the full press release

EBRD and EU Support Montenegro’s Green Energy Efficiency Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU) and Austria, is bolstering energy efficiency investments in Montenegro by extending a €2 million loan to NLB Banka a.d. Podgorica, aimed at providing … Read the full press release

Bosnian Furniture Maker Zanat Embarks on Digital Transformation Journey with EBRD Support

(IN BRIEF) Zanat, a renowned Bosnian furniture company known for its hand-carving techniques and UNESCO recognition, faced challenges with growing international demand, including delivery delays and product quality issues. To address these challenges and optimize their operations, the company sought … Read the full press release

Corporate Heroes: Businesses Rally to Support Ukraine Amidst Geopolitical Turmoil

(IN BRIEF) Despite the ongoing conflict in Ukraine and geopolitical uncertainties, numerous companies from both Ukraine and around the world have demonstrated remarkable support by offering financial, material, and essential resources to aid the Ukrainian government and its people. This … Read the full press release

EBRD Commits $100 Million to İşbank for Earthquake Recovery and Women-Led SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending $100 million in financing to Türkiye İş Bankası (İşbank), Türkiye’s largest private bank, to support earthquake recovery efforts in the south-eastern region of Türkiye and empower women-led small … Read the full press release

Edelvika: From Filter Bags to Fashion – Ukrainian Clothing Manufacturer’s Path to Success Amid Challenges

(IN BRIEF) Edelvika, a Ukrainian clothing and textile manufacturer, has undergone a remarkable transformation from primarily producing filter bags to focusing on fashion-related products, particularly traditional embroidered blouses called vyshyvanka. Despite the challenges posed by the war in Ukraine, the … Read the full press release

EBRD and EU Collaborate to Enhance Solid Waste Management in Kyrgyz Republic’s Capital

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have supported the completion of a vital infrastructure project in Bishkek, the capital of the Kyrgyz Republic. The project involves the construction of a landfill … Read the full press release

EBRD Appoints Fatih Türkmenoğlu as Head of North Macedonia to Drive Investment and Green Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Fatih Türkmenoğlu as the new Head of North Macedonia. He will assume his role on November 1 and will lead the EBRD’s Skopje resident office. Türkmenoğlu, a Turkish … Read the full press release

EBRD Commits €250 Million Recovery Package to Assist Morocco After Devastating Earthquake

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing Morocco with an initial earthquake response package of up to €250 million from 2023 to 2025 to aid recovery efforts in regions of the Atlas Mountains affected by … Read the full press release

EBRD Unveils New Strategy to Drive Green Transition in Slovakia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new country strategy for the Slovak Republic, outlining its focus on advancing the green transition and strengthening economic resilience in the country. The strategy includes efforts to … Read the full press release

Mongolia’s Cashmere Industry: EBRD Initiatives for Sustainability and Growth

(IN BRIEF) Mongolia is a significant player in the global cashmere industry, producing nearly 40% of the world’s raw cashmere. However, challenges such as limited processing capacity and environmental issues threaten the industry’s sustainability. To address these challenges, the European … Read the full press release

EBRD Invests €75 Million in Poland’s R.Power to Boost Green Energy Expansion

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing €75 million in R.Power S.A, a leading renewable energy developer in Poland, to support the expansion of green energy generation across Europe. This marks the EBRD’s second investment … Read the full press release

EBRD Achieves €3 Billion Investment Target to Support Ukraine Amidst Russian Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has successfully met its goal of deploying €3 billion in financing to Ukraine’s real economy in 2022-23 to mitigate the effects of the ongoing conflict with Russia. The investment focuses … Read the full press release

Multilateral Development Banks Collaborate to Simplify Procurement for Ukraine’s Reconstruction

(IN BRIEF) Four multilateral development banks, including the Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the World Bank, have agreed to harmonize their procurement practices for public … Read the full press release

EBRD’s Support Transforms Mongolian Leather Brand Maris into a Sustainable Success Story

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has supported the growth and sustainability of Mongolian leather producer Maris through its advisory services. Maris, founded by Enkhnasan Tumen-Ulzii, focuses on sustainable leather production and uses innovative vegetable tanning … Read the full press release

EBRD and EU Support Revival of Albanian Railways, Easing Traffic Congestion and Pollution

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are supporting the reconstruction of a 34 km stretch of railway between Durres and Tirana in Albania, marking the first major investment in the country’s … Read the full press release

EBRD and Morocco’s Ministry of Energy Partner to Advance Green Energy Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Morocco’s Ministry of Energy Transition and Sustainable Development (METSD) have signed a Memorandum of Understanding to collaborate on accelerating the decarbonization of Morocco’s electricity sector. The partnership will focus … Read the full press release

EBRD and Santander Leasing Sign First Synthetic Securitization Deal in Poland, Promoting SME Lending and Green Projects

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has entered into a synthetic securitization agreement and new lending commitment with Santander Leasing, a subsidiary of Santander Bank Polska Group, marking the EBRD’s first capital relief transaction in Poland. … Read the full press release

EBRD Launches Star Venture Program to Boost Palestinian Start-ups in West Bank and Gaza

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced its Star Venture program in the West Bank and Gaza to support high-potential start-ups in enhancing their business performance and fostering growth. This initiative marks the 23rd economy … Read the full press release

EBRD Extends €4 Million Loan to KEP Trust to Boost MSMEs and Female Entrepreneurs in Kosovo

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a loan of up to €4 million to KEP Trust, a microfinance institution in Kosovo and a long-standing partner of the EBRD. This loan aims to support micro, … Read the full press release

World Bank, EBRD, and EIB Strengthen Cooperation in Internal Audit Oversight

(IN BRIEF) The World Bank Group Internal Audit (GIA), European Bank for Reconstruction and Development Department of Internal Audit (EBRD-IA), and European Investment Bank Internal Audit Department (EIB-IA) have signed memoranda of understanding to enhance collaboration, particularly in information exchange, … Read the full press release