EBRD investments rise to record 16.6 bln euro in 2024

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EBRD investments rise to record 16.6 bln euro in 2024

//business-finance.news-articles.net/content/202 .. tments-rise-to-record-16-6-bln-euro-in-2024.html

Published in Business and Finance on Thursday, January 9th 2025 at 7:00 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Investments made by the European Bank for Reconstruction and Development rose by 26% in 2024 to a record 16.6 billion euros ($17.1 billion) thanks to more projects in Ukraine and green financing, the lender said on Thursday.

The European Bank for Reconstruction and Development (EBRD) announced on January 9, 2024, that its investments are expected to reach a record high of 13.6 billion euros ($14.9 billion) in 2024, up from 12.2 billion euros in 2023. This increase is part of a broader two-year investment plan totaling 16.6 billion euros for 2024-2025, aimed at supporting Ukraine and other regions amidst ongoing geopolitical tensions. The EBRD's strategy includes a significant focus on Ukraine, where it plans to invest 7.5 billion euros over the next two years, with 1.5 billion euros specifically allocated for 2024 to aid in the country's reconstruction efforts following the war with Russia. Additionally, the bank will continue to support regions like the Western Balkans, Turkey, and Central Asia, while also addressing global challenges such as climate change and energy security.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/ebrd-investments-rise-record-166-bln-euro-2024-2025-01-09/ ]

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