EBRD Invests Record 58% in Green Projects, Reaches €16.6 Billion Total Investment
January 15, 2025 —The European Bank for Reconstruction and Development (EBRD) has announced a record-breaking year in 2024, delivering €16.6 billion in investments across its economies, a 26 percent increase from the previous year. Notably, a significant portion of this investment, 58 percent (€9.7 billion), was dedicated to green projects, the news article by the EBRD stated.
Key Highlights:
- Record Investment Volume: €16.6 billion invested, a 26% increase year-on-year.
- Green Focus: 58% of total investment (€9.7 billion) allocated to green economy financing.
- Private Sector Support: 76% of investments directed to the private sector, totaling a record €12.5 billion.
- Total Mobilisation: €26.7 billion mobilized from all sources.
- Record Disbursements: Annual disbursements reached €10.6 billion.
- Portfolio Growth: The Bank’s portfolio surpassed €60 billion, reaching €61.9 billion, with operating assets exceeding €40 billion for the first time.
- Strong Support for Ukraine: Over €2 billion of financing deployed in Ukraine amidst the ongoing conflict.
EBRD President Odile Renaud-Basso commented, “We achieved record-breaking impact in 2024, both in volume and, more importantly, in quality. In fact, we not only beat records, but went far beyond them.” She emphasized the growing demand for the EBRD’s business model, which combines financing with policy advice.
The EBRD’s engagement in Ukraine included the launch of a war insurance facility, €300 million in financing for Ukrainian Railways, support for Ukrnafta to bolster the power sector, and new guarantees for Ukraine’s banking sector to unlock €690 million for critical industries. A significant US$217.5 million investment was also made in Ukrainian telecom groups, representing the largest single foreign direct investment since the Russian invasion.
The EBRD also highlighted its commitment to private sector support in other regions, including an equity investment in Bank of Palestine amidst the Middle East conflict. The Bank also emphasized collaboration with other multilateral development banks (MDBs), including a memorandum of understanding with the World Bank Group to enhance their joint efforts in addressing global challenges.
The EBRD secured nearly €1.63 billion in new donor funds, with 68% provided by the European Union. The Bank also welcomed Benin and Côte d’Ivoire as new shareholders, expanding its membership to 76. The re-election of Odile Renaud-Basso as President further solidified the Bank's leadership.
The EBRD's performance in individual economies and regions, along with its overall financial results, will be released later this spring.
Source: EBRD Press Release
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