The European Bank for Reconstruction and Development (EBRD) delivered a record 13.1 billion Euro in investments across its economies in 2023. The EBRD financed 464 projects in 2023, the highest in the Bank’s history. Eighty per cent of investments occurred in the private sector, corresponding to a record volume of more than 10 billion Euro in 2023.

Green economy financing amounted to 50 per cent of the Bank’s total investment volume in 2023, totalling a record of more than €6.5 billion, while the share of gender-tagged projects came in at 44 per cent.

EBRD President Odile Renaud-Basso said: “With global challenges such as the climate crisis, macroeconomic uncertainties and geopolitical tension growing more and more acute, the EBRD is accelerating its support for its clients and countries of operations.

Never in its history has the Bank invested as much as it did in 2023, while at the same time delivering its goals of developing the private sector and greening economies and maintaining its focus on delivering impact and supporting the transition to modern, inclusive markets.

Last year demonstrated that crises can be sudden, such as natural disasters, or prolonged, like the war on Ukraine. Whatever the nature of such crises, we remain committed, agile and highly effective in our support for all our economies.”