EBRD loan for “Friendship Bridge” between Georgia and Armenia

Sovereign loan to co-finance construction at Sadakhlo-Bagratashen border crossing The European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of up to €6 million to Georgia to co-finance works to improve the cross-border bridge connecting Georgia with Armenia. Located 60 kilometres from Tbilisi, the bridge at the Sadakhlo-Bagratashen checkpoint is the main […]

AIIB Project Preparation Special Fund is Open to Proposals

The AIIB Project Preparation Special Fund (the Fund) was established as a multi-donor fund on June 2016, with initial financial support from the People’s Republic of China in the amount of USD 50 million. The Bank has received the first installment payment. The Fund will provide grants to support and facilitate the preparation of projects […]

New Eastern Partnership paper: 20 deliverables for 2020

In December 2016, the European External Action Service and the European Commission launched a paper that identifies 20 deliverables for 2020 in order to contribute to cooperation between the EU and the Eastern Partnership (EaP) countries. “The [next Eastern Partnership] Summit will be held in Brussels next November and we are starting to prepare it […]

EBRD adopts new country strategy for Georgia

Four-year plan to further develop the country’s economy The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has adopted a new country strategy for Georgia, which reinforces the Bank’s commitment to support the country’s economy and sets out the priorities for its activities over the next four years. The new strategy […]

Making Chisinau greener

€10 million loan for energy efficiency in public buildings marks EBRD’s first project under new Green Cities framework The European Bank for Reconstruction and Development (EBRD) is providing a €10 million loan to Moldova’s capital Chisinau to improve the energy efficiency of its public buildings. This is the first transaction under the EBRD’s new Green […]

EBRD finances solid waste improvements in Kyzylorda, Kazakhstan

BRD/CTF loan and government grants will fund modern infrastructure for solid waste management in southern city The EBRD is continuing to finance the modernisation of public infrastructure in Kyzylorda, where the Bank is a leading financier of public utilities, in partnership with the government of Kazakhstan and local authorities.Financing agreements totalling an equivalent of €26.6 […]

EU unveils External Investment Plan to boost investment in Africa and the EU’s Neighbourhood

The European Commission today proposed to set up a new European External Investment Plan (EIP) to encourage investment in Africa and the EU Neighbourhood, strengthen partnerships and contribute to achieving the UN Sustainable Development Goals. Announcing the initiative, EU High Representative Federica Mogherini, said: “If we look at the Middle East and Africa, we see […]

US$ 81 Billion Mobilised in 2015 to tackle climate change – Joint MDB report

Climate finance totalling US$ 81 billion was mobilised for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015. This included US$ 25 billion of MDBs’ direct climate finance, combined with a further US$ 56 billion from other investors. The latest MDB climate finance figures are detailed in the 2015 Joint Report on Multilateral Development Banks’ Climate Finance, prepared by the Asian […]