European Bank for Reconstruction and Development
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Cumulative
- Project-Specific Cofinancing $671.5 million
Seeking to advance developmental goals in finance and policy reform, the European Bank for Reconstruction and Development (EBRD) is a development bank that provides project financing for banks, industries, and businesses, both in new ventures and existing companies. The EBRD prioritizes its investments in industry; commerce; agribusiness; energy; infrastructure; and micro, small, and medium-sized enterprises. It operates in Europe, Central and West Asia, and North Africa. ADB and the EBRD have a mutual reliance agreement on procurement, making it easier to do joint contract cofinancing.
Highlights
Knowledge. In November 2023, ADB hosted the annual meeting of the International Financial Institution Community of Practice for Knowledge Management in Washington, DC, attended by multilateral development banks (MDBs) and international organizations, including the EBRD. The representatives discussed the strategic alignment of knowledge management with organizational business goals, shared good practices to develop new capabilities in climate change and address key challenges, particularly related to artificial intelligence enterprise adoption.
Ahead of the 2023 United Nations Climate Change Conference (COP28), ADB led an eight-episode campaign on key climate issues, which featured contributions from MDBs, as the current chair of the International Financial Institution Heads of Communications Working Group. The seventh episode features EBRD’s new approach to climate finance—the Nexus for Water, Food, and Energy in Egypt with a model that can be replicated anywhere.
During COP28, MDBs, including ADB and the EBRD, made a joint statement affirming their commitment to strengthen collaboration with clients, development partners, civil society, the private sector, and others to reduce poverty and inequality and address crises.
News
10 Nov 2023
ADB, SQB Sign $50 Million Loan to Support Privatization and Expand Lending to MSMEs in Uzbekistan
ADB signed a $50 million senior convertible loan with Sanoat Qurilish Bank (SQB). It will support Uzbekistan’s privatization of state-owned banks, which will strengthen the banking sector and contribute to economic growth and job creation. The International Finance Corporation and the European Bank for Reconstruction and Development are parallel lenders.
4 Dec 2020
$105 Million ADB Grant to Improve Financial Sustainability of the Power Sector in Tajikistan
ADB approved a $105 million grant to accelerate the implementation of ongoing reforms and improve the financial sustainability of the power sector in Tajikistan. The total cost of the program is $145 million, with the Government of Tajikistan providing $15 million, and the European Bank for Reconstruction and Development providing a $25 million loan. The program is expected to be completed in 2026.
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Building Central Asia's Biggest Wind Farm
Many countries in Asia and the Pacific are harnessing wind power, one of the most inexpensive forms of renewable energy, to diversify their energy resources.
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