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.
The U.S. will begin applying increased tariff rates from August 1, according to Commerce Secretary Howard Lutnick....
Israel’s Minister of Defense announced the launch of Operation Black Flag, with the Israeli Defense Forces (IDF) carrying out strikes on multiple mi...
UN teams have deployed to Syria’s coastal Latakia province, where wildfires have been burning for four days, forcing hundreds of families to flee an...
The Federal Road Safety Corps (FRSC) confirmed that 21 people died in a crash early Sunday morning on the Zaria-Kano expressway in Nigeria....
U.S. fighter jets intercepted a civilian plane near President Donald Trump’s Bedminster, New Jersey, golf club on Sunday. This marked the 11th unaut...
Kazakhstan and The European Bank for Reconstruction and Development (EBRD) will continue to work together to support transport infrastructure, green energy, small and medium-sized businesses, agriculture, and information technology in the country.
Kazakhstan’s Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) held talks on advancing cooperation in decarbonization, renewable energy and modernization of the country’s power infrastructure.
Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), will visit Kazakhstan on 23–24 June 2025 for meetings with senior government officials and business leaders.
Egypt’s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability and manage peak demand. The project is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million metric tonnes of emissions per year.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
China's finance ministry announced on Sunday that it is imposing restrictions on imports of medical devices from the European Union valued over 45 million yuan ($6.3 million).
Investment firm Azoria Partners announced it would delay the launch of its Tesla ETF following Elon Musk's declaration of forming a new U.S. political party.
Ingram Micro INGM.N said on Saturday it recently identified ransomware on certain of its internal systems.
Microsoft is closing its direct operations in Pakistan after 25 years, shifting to a partner-led model to serve the market.
The European Union will drastically reduce imports of Ukrainian wheat and sugar, by up to 80%—to protect its farmers, a move expected to shift Ukraine's exports toward Asia and Africa.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment