EBRD Invested a Record €16.8 Billion in 2025

Tashkent, Uzbekistan (UzDaily.com) — In 2025, the European Bank for Reconstruction and Development (EBRD) set a new investment record, directing €16.8 billion to its regions, and for the first time implemented projects in Sub-Saharan Africa and Iraq. Over the year, the bank financed 640 projects, with 75% of investments, or €12.7 billion, allocated to the private sector.

EBRD President Odile Renaud-Basso noted that 2025 was a year of significant challenges but also important achievements. “I am proud that the bank provided unprecedented support to Ukraine, stimulating private sector development, enhancing competitiveness, and contributing to growth across our economies. Our first investments in Sub-Saharan Africa and Iraq were historic, expanding EBRD’s presence into new markets,” Renaud-Basso emphasized.

Despite ongoing global inflationary pressures and high debt levels in several countries, the bank continued to pursue its strategic priorities: 56% of total investment (€9.4 billion) supported the green transition, and 47% of projects promoted women’s economic empowerment. Equity accounted for 6% of all investments, while annual mobilization reached €5.7 billion, bringing total mobilized investment to €26.8 billion. Annual disbursements reached a record €11.5 billion, surpassing the 2024 figure of €10.6 billion.

Special attention was given to supporting Ukraine, with €2.9 billion directed toward critical infrastructure, energy security, and private sector development. Among the largest projects was a €770 million financing package for Naftogaz, including a €500 million loan to replenish gas reserves ahead of winter — the largest loan in the bank’s history for the country. Additional projects included financing for the state railway operator (€300 million), risk-sharing portfolio instruments for Ukreximbank (€200 million), and a €100 million credit line to support affordable housing platforms.

Historic initiatives included EBRD’s first investment in Sub-Saharan Africa: a €30 million sovereign loan to the national electricity distribution company in Benin aimed at electrifying rural areas. Another first was a project in Iraq, where the bank provided $100 million in trade finance to the National Bank of Iraq to expand imports and exports. Additionally, in cooperation with the European Union, a credit line was launched to support the private sector in the West Bank.

In 2025, the bank mobilized nearly €1.9 billion in new donor funds, including unsecured guarantees, with over €859 million directed to Ukraine. The European Union accounted for 55% of all donor resources.

EBRD shareholders approved the Strategic and Capital Framework (SCF) for 2026–2030, with its central goal remaining exceptional support for Ukraine during the war and post-conflict recovery. The framework identifies three key focus areas: the green transition, economic governance, and human capital development. Strengthened economic governance is illustrated by Ukraine’s adoption of updated rules for appointments to state company boards, developed with the bank’s support.

Detailed EBRD data by economy and region will be published later this month, and the full 2025 financial report is scheduled for release in spring.