QA Regression Page 1

30 Sep 2024

Author: John

Tab 1
Tab 2
Tab 3
Tab 4

EBRD sets path to resilient, “majority green” future

Bank fully focused on guiding its regions to robust post-Covid recovery

The European Bank for Reconstruction and Development (EBRD) has embarked on a path to a sustainable, “majority green” future as it prepares to guide its regions to a robust recovery from the coronavirus pandemic.

At its 2020 Annual Meeting, held in virtual session because of the virus and delayed from May, the EBRD’s Board of Governors approved a new Bank strategy for the next five years that will see over 50 per cent of its annual investments dedicated to green finance by 2025.

This year, the EBRD has swung all of its resources behind helping its 38 economies deal with the immediate impact of the pandemic, rolling out a €21 billion support package primarily aimed at helping firms to meet liquidity needs and at keeping vital services flowing.

The new five-year strategy looks beyond the pandemic.

“We need to preserve the progress made so far in our countries’ transitions. We also have to move even faster towards a more resilient and more sustainable future,” said Acting EBRD President Jürgen Rigterink as the strategy was put forward to the Governors, who represent the EBRD’s 71 shareholders.

Under the new strategy, the EBRD also aims to promote equality of opportunity through access to skills and employment, finance and entrepreneurship and support for women, young people and under-served communities.

It will also accelerate digital transition, unleashing the power of technology to bring about change for the better.

The new strategy confirms the EBRD’s interest in a limited and incremental expansion of its activities to sub-Saharan Africa and Iraq during the next five-year period.

Governors will consider an update on this issue in 2022, reflecting guidance from the 2021 Annual Meeting.

At their meeting on Wednesday, the Governors agreed to a request from Iraq to become a shareholder of the Bank.On Thursday, Governors will elect a new EBRD President to replace Sir Suma Chakrabarti.

Two candidates are standing for election: Polish Minister of Finance Tadeusz Kościński and Odile Renaud-Basso, Director General, French Treasury, Ministry of Economy and Finance.

The EBRD has been investing at unprecedented levels this year after already delivering record financing worth more than €10 billion in 2019.Investments rose to just over €5 billion in the first six months of this year, compared with €3.7 billion a year earlier and a previous first-half record of €3.9 billion in 2016.

The Bank has complemented its increased financing with scaled-up policy support.The pipeline of future projects is also at a record high and the EBRD has the potential to increase annual financing to well above €10 billion in the five-year period to 2025.

Our history

The European Bank for Reconstruction and Development (EBRD) was founded in 1991 to create a new post-Cold War era in central and eastern Europe. We are now doing more than ever before - across three continents - to further progress towards ‘market-oriented economies and the promotion of private and entrepreneurial initiative’.

Structure and management

The EBRD is owned by 73 countries, as well as the European Union and the European Investment Bank. Each shareholder is represented on the Board of Governors, which has overall authority over the Bank.Our President is Odile Renaud-Basso (pictured right). The President manages our work under the guidance of the Board of Directors. The Executive Committee and senior leadership group advise the President and oversee EBRD activities. 2024 election of the EBRD President

Resources

Around the world, each credit supports multiple positive outcomes, from reducing emissions to boosting renewable energy

PowerPoint Presentation

PDF format / 0.93 MB

Download

Annual Evaluation Review

PDF format / 1.45 MB

Download

10k

Why finance with the EBRD?

3000+

Project finance

6500

Cassandra

Dev

Bangalore

Tel: 9876543210

Email: cassandra@gmail.com

D

Dwayne

Dev

Bangalore

Tel: 9876543210

Email: Dwayne@gmail.com

€190

billion invested since 1991

Content only available for logged-in users

Title 1

The EBRD was created in April 1991 to 'foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative'. Since then we have invested over €195 billion in more than 7,000 projects across three continents. We are a climate finance leader and actively support Ukraine and other countries affected by the war there.

EBRD and EU finance energy efficiency improvements in Belgrade

Investment to help reduce energy use and CO2 emissions
€5 million EBRD loan to finance energy efficiency investments in four public buildings
€11 million investment grant and technical assistance support from the EU

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are backing Belgrade, the capital city of Serbia, with a €16 million financial package to help improve the energy efficiency of its public buildings.

A €5 million EBRD loan and an €11 million grant from the EU will allow the city to introduce energy saving technologies in the main city library, an institute of emergency medicine, a student healthcare centre and a student hospital in Belgrade. The energy efficiency improvements in the four public buildings will include thermal insulation, upgraded heating, ventilation and cooling systems, and the introduction of energy efficient lighting.

Watch:

In focus:

Watch:

Search

QA Regression Page 1

EBRD sets path to resilient, “majority green” future

Our history

Structure and management

Resources

A-Z List

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

We invest in changing lives

EBRD and EU finance energy efficiency improvements in Belgrade

Search

QA Regression Page 1

Title 1

Title 2

Title 3

Title 4

A-Z List

We invest in changing lives

EBRD provides US$10 million to Kazakhstan’s Atameken-Agro

EBRD, EU and UniCredit support green SMEs in Bosnia and Herzegovina

Page Property details content

EBRD and donors support new district heating upgrades in Balti

EBRD and EU finance energy efficiency improvements in Belgrade