The European Bank for Reconstruction and Development (EBRD) has doubled its annual investment in Central Asia and set a new operational record.
By investing 58% of the bank’s funds at supporting green economy projects, EBRD turned into the region’s largest green lender, whose operations are fully aligned with the Paris Agreement.
EBRD invests almost €2.26 billion through 121 projects in six regional economies last year. It also mobilised €784 million from co-financiers, thus bringing more than €3 billion into the region’s real sector.
Uzbekistan and Kazakhstan were the leading recipients of the EBRD funding (€938 million and €913 million respectively). The countries also became the fifth and sixth largest investment destinations for the Bank globally. Elsewhere in Central Asia the EBRD provided €264 million for projects in Mongolia, €88 million in Tajikistan and €52 million in the Kyrgyz Republic.
In 2024 the EBRD’s cumulative investment in Kazakhstan surpassed the €10 billion mark and reached €5 billion in Uzbekistan. Both Tajikistan and the Kyrgyz Republic have now attracted over €1 billion from the EBRD since the beginning of operations there 30 years ago.
According to the financial organization, 60% of the Bank’s funds in 2024 were used to support sustainable infrastructure projects The EBRD is the largest institutional investor in Central Asia, it has to date financed 1,163 green and inclusive projects for €21.5 billion.
The EBRD continued rolling out its Green Cities programme designed to tackle environmental challenges and encourage green investments in municipal infrastructure. It will help upgrade key infrastructure and develop sustainable transport in the urban areas.
With long-standing commitment to tackling climate challenges and biodiversity loss across regions, EBRD will further scale up green financing and unlock more private-sector investments, continuing to drive meaningful change towards a greener and more sustainable future, - the Bank stated.
Uludağ, one of Türkiye’s oldest and largest soft drink brands, will receive a €25 million loan from the European Bank for Reconstruction and Development (EBRD) to finance investments in production lines and renewable energy capacity.
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Azerbaijan to build a diversified, inclusive and sustainable economy.
European fundings will be directed to upgrading of Ganja’s water infrastructure to improve its residents’ living standards by ensuring better access to clean water while building resilience towards the impact of climate change.
Azerbaijani president Ilham Aliyev met with EBRD president Odile Renaud-Basso in Davos to discuss cooperation on infrastructure, financial sector support, and renewable energy projects. A loan agreement for Ganja’s water system was signed, strengthening ties between Azerbaijan and the EBRD.
US Secretary of Defense Pete Hegseth has denied reports by The Atlantic regarding the sharing of secret military plans for operations against the Houthi rebels in Yemen.
The Houthi group in Yemen claimed responsibility for a series of missile and drone attacks, targeting Ben Gurion airport in Israel and U.S. warships in the Red Sea.
The European Union views the Palestinian Authority as "best placed to govern Gaza," according to EU foreign policy chief Kaja Kallas, following her meeting with Palestinian Prime Minister Mohammad Mustafa in Ramallah.
U.S. President Donald Trump has indicated that he is prepared to take a more flexible stance on new tariffs for automobiles and other goods than initially expected.
A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
In a groundbreaking study published in Cell on January 18, Chinese researchers have unveiled a novel cancer treatment that ingeniously disguises tumors as pig tissue, triggering the body’s immune system to mount a hyperacute rejection response against the cancer cells.
Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Mexican forces have dismantled a massive meth lab in Zacatecas, dealing a blow to a Sinaloa Cartel faction.
U.S. President Donald Trump announced on Monday that he anticipates a U.S.-Ukraine revenue-sharing agreement on Ukrainian critical minerals will be signed soon.
Australia is set to accelerate A$1 billion in defence expenditure in Tuesday’s federal budget, as part of a broader effort to enhance its military capabilities, Defence Minister Richard Marles announced on Monday.
In a move that could significantly boost India's artificial intelligence landscape, tech leaders OpenAI and Meta Platforms have engaged in separate discussions with Reliance Industries, according to a report by The Information.
The British government announced on Saturday a £600 million investment aimed at addressing severe construction skills shortages that threaten its ambitious plan to build 1.5 million new homes by 2029 and drive economic growth.
The Office of Financial Sanctions Implementation (OFSI) has disclosed the full impact of UK sanctions on Russia, reporting that more than £25 billion in Russian assets have been frozen.
US Secretary of Defense Pete Hegseth has denied reports by The Atlantic regarding the sharing of secret military plans for operations against the Houthi rebels in Yemen.
The Houthi group in Yemen claimed responsibility for a series of missile and drone attacks, targeting Ben Gurion airport in Israel and U.S. warships in the Red Sea.
The European Union views the Palestinian Authority as "best placed to govern Gaza," according to EU foreign policy chief Kaja Kallas, following her meeting with Palestinian Prime Minister Mohammad Mustafa in Ramallah.
U.S. President Donald Trump has indicated that he is prepared to take a more flexible stance on new tariffs for automobiles and other goods than initially expected.
A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
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