EBRD shareholders agreed to a comprehensive series of response and recovery measures that strengthen the Bank’s Solidarity Package , which was first unveiled on 13 March. The Bank now stands ready to provide support worth €21 billion over the 2020-21 period.

On Thursday 6th February 2020, the European Bank for Reconstruction and Development (EBRD), rated Aaa (stable) / AAA (stable) / AAA (stable), successfully issued its largest ever green bond at launch, a new US$ 925mn 5-year Global (SEC Exempt) Environmental Sustainability Bond,

To date, the EBRD has signed €34 billion in green investments, financed over 1900 green projects that are expected to reduce 102 million tonnes of carbon emissions yearly. In 2019 alone, the Bank financed over 2.2 GW of new renewable power capacity.

The International Renewable Energy Agency (IRENA) and the European Bank for Reconstruction and Development have signed a Memorandum of Understanding (MoU) allowing the two organisations to strengthen their relationship and accelerate efforts to rapidly increase the share of renewable power in EBRD countries of operation, helping minimise climate impact and use electricity more sustainably.

EBRD - the Bank will no longer finance thermal coal mining or coal-fired electricity generation. The Bank will also stop funding any upstream oil exploration, and will not finance upstream oil development projects except in rare and exceptional circumstances, where such investments reduce greenhouse gas emissions.

EBRD - Economic growth in Russia is expected to hold steady at 1.5 per cent this year and into 2019 as the positive impact of higher oil prices is offset by the negative economic consequences of sanctions imposed by the United States of America and the European Union (EU), said the European Bank for Reconstruction and Development (EBRD).

EBRD - The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost €12.1 billion across some 400 projects since the start of its operations in the country in 1993.

EBRD - He noted Ukraine continued to be one of the world’s most energy-intensive countries, three times more so than the EU average, and he said the country should focus on energy efficiency, diversifying energy sources and improving municipal services and infrastructure. The EBRD President referred specifically to the need for further improvements in governance. Progress had been made but corruption was still a barrier to foreign direct investment, he said. The establishment of anti-corruption institutions could make an important contribution to increasing transparency in the economy.

EBRD - To date, the EBRD has invested €2.3 billion in more than 130 projects in the country. The Bank combines project financing with policy engagement and most recently supported the Slovak Republic in creating the legal foundations for covered bonds with amendments to the relevant law in line with best practice recommendations by the European Banking Authority.

EBRD - The GCF is contributing USD 378 million to this USD 1.4 billion programme to support thousands of individual investments in technologies that reduce emissions and enhance resilience to climate change.