GCF workshop strengthens direct access to climate finance

SONGDO, 29 MAY 2018 The second GCF Empowering Direct Access workshop opens today to help developing countries progress innovative climate action that makes a difference at the local and global levels. This is one of GCF’s most important events of the year, as it reflects the Fund’s country-driven focus on ensuring the climate projects it supports match local […]

Kyrgyz Republic to Scale-Up Disaster and Climate Change Resilience, with World Bank Support

WASHINGTON, May 25, 2018 – All citizens of the Kyrgyz Republic will potentially benefit from a Project that will ensure risk reduction investment in educational infrastructure, a stronger capacity to respond to disasters, and a better environment to scale-up the country’s mandatory disaster insurance program. The Enhancing Resilience in Kyrgyzstan Project was approved today by the World Bank’s […]

World Bank Group Executive Directors Complete Visit to Countries in Europe and Central Asia

TBILISI, May 25, 2018 – In May 2018, ten members of the World Bank Group’s Board of Executive Directors (EDs) visited Belarus, Georgia, and Ukraine to experience first-hand the development opportunities and challenges faced by these countries. The group of EDs also met and exchanged views with authorities, beneficiaries, and other stakeholders on partnership with the World […]

EBRD expects to step up investments in support of 2030 development agenda

Initial focus on existing regions in face of major international challenges The  European Bank for Reconstruction and Development (EBRD) expects to scale up its activities in support of global development goals, even after another year of record investments in 2017, the Bank’s President, Sir Suma Chakrabarti, said. He said work would begin shortly on whether the […]

EBRD-backed United Group plans €600 million investment in Western Balkans

United Group is the largest multi-play telecoms and media provider in south-eastern Europe. United Group is a major regional employer, with over 3,400 employees. United Group has increased connectivity across the region by laying over 15,000 km of fibre-optic cable, reaching 1.77 million homes and over 50,000 businesses. The EBRD has welcomed the announcement by […]

EBRD can do more to support global development goals

President Chakrabarti proposes phased approach at Annual Meeting in Jordan The European Bank for Reconstruction and Development (EBRD) can step up its activities in support of global development goals that the international community has pledged to achieve by 2030, EBRD President Sir Suma Chakrabarti said. At the opening of the Bank’s 2018 Annual Meeting in Jordan, the President said the […]

EBRD’s Green Cities Framework kicks off in Minsk

Official launch of the city’s Green City Action Plan Belarus is beginning its work under the EBRD’s Green Cities Framework Kick-off meeting for Minsk’s Green City Action Plan to identify, prioritise and address its most pressing environmental challenges This is a part of the city’s wider engagement with the EBRD in the municipal investment space […]

EBRD channels €42.5 million for completion of Minsk ring road

Project to promote better transport infrastructure in Belarus The EBRD is providing a €42.5 million loan for the completion of the outer ring road in Minsk, which will enable better interconnections around the Belarusian capital and improved links between the country’s major highways. The Bank is providing a long-term loan of up to €42.5 million […]

Belarus: Strengthening Foundations for Sustainable Recovery

MINSK, April 19, 2018 – The speed of economic recovery has accelerated in early 2018, but the foundations for solid growth need to be strengthened, says the latest World Bank Economic Update on Belarus. The economic outlook remains challenging due to external financing needs and unaddressed domestic structural bottlenecks. Improved household consumption and investment activity, along with […]