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.
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