The European Bank for Reconstruction and Development (EBRD) invested a record €16.8 billion across its regions in 2025 and signed its first projects in sub-Saharan Africa and Iraq. The bank financed 640 projects over the year, with 75 percent going to the private sector—equating to €12.7 billion in private-sector investment, the EBRD announced.
EBRD President Odile Renaud-Basso called it a year of challenges and striking achievements. “I am proud that the Bank delivered unprecedented support to Ukraine, while fuelling private-sector development, enhancing competitiveness and boosting growth across our economies,” she said. The bank had previously hit a record €16.6 billion in investment in 2024. Despite ongoing global tensions and inflation across its regions, the EBRD channeled 56 percent of total investment—€9.4 billion—to projects supporting the green transition. Forty-seven percent of projects advanced opportunities for women, and 6 percent of investments went into equity.
Ukraine received €2.9 billion in financing this year, with funds going to critical infrastructure, energy security, and the private sector. Among the highlights was a €770 million financing package to Naftogaz, including a €500 million loan to replenish gas reserves ahead of winter—the largest EBRD loan ever to Ukraine. Other major projects included €300 million for the state-owned railway operator, portfolio risk-sharing facilities for Ukreximbank to unlock €200 million in new lending, and a €100 million loan facility for affordable housing.
The bank launched its first investment in sub-Saharan Africa—a €30 million sovereign loan to Benin’s national power distribution company to support rural electrification. Another first came in Iraq, where the EBRD provided a $100 million trade finance facility to the National Bank of Iraq, the country’s largest private bank, to boost import and export activities. The bank also joined forces with the European Union to expand support for the private sector in the West Bank.
In 2025, the EBRD mobilized nearly €1.9 billion in new donor funds, including unfunded guarantees. Over €859 million of these resources went to Ukraine. The EU provided 55 percent of all donor resources. Shareholders also approved the EBRD’s Strategic and Capital Framework for 2026-30, with the central objective being continued exceptional support for Ukraine in wartime and post-war reconstruction. The framework identifies three core themes: the green transition, economic governance, and human capital development.
