Uzbekistan
Building Central Asia's Biggest Wind Farm
The biggest wind farm in Central Asia will soon be spinning in Uzbekistan, delivering reliable power and helping fight climate change.
Established in 1991, the European Bank for Reconstruction and Development (EBRD) is a developmental investment bank that provides financial products, including loans, equity investments, guarantees, and advisory services. These products help finance private sector projects, promote trade, and provide business services for small and medium-sized enterprises. The EBRD operates in numerous sectors such as agribusiness, infrastructure, transport, energy, manufacturing and services, natural resources, telecommunications, media, and technology. Its regions of operation extend from the Southern and Eastern Mediterranean, through Central and Eastern Europe, to Central Asia. ADB and the EBRD have a mutual reliance agreement on procurement, making it easier to do joint contract cofinancing.
Priorities
- Private sector development
- Green economy
- Digital transition
- Trade promotion
- Support for small and medium-sized enterprises
Source:
News
ADB, APU Dairy Sign $20 Million Loan to Strengthen Mongolia’s Dairy Sector, Improve Food Security
29 November 2024
ADB and APU Dairy LLC signed a $20 million (equivalent in Mongolian togrog) loan to support nomadic herders by integrating them into the dairy value chain, enhancing dairy processing capacity, and promoting sustainable herd management practices.
ADB Approves $86.67 Million Grant to Develop Green Road Corridor in Tajikistan
23 October 2024
ADB has approved a $86.67 million grant to help Tajikistan further improve national road connectivity by developing a demonstration green corridor in the country.
Multilateral Development Banks Deepen Collaboration to Deliver as a System
20 April 2024
The leaders of 10 multilateral development banks announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle urgent development challenges.
New Publications by GEMs Consortium Offer Further Insights into Emerging Market Credit Risk
15 October 2024
Two new publications released today by the GEMs Consortium—a group of 26 multilateral development banks and development finance institutions—provide further insights on the level of credit risk in emerging markets and developing economies, according to the investment experience of consortium members.
Stories
Armenia
Modernizing Power, Empowering Women
Private sector loans from ADB, the Japan-funded Leading Asia’s Private Infrastructure Fund, and the European Bank for Reconstruction and Development will provide the required financing. A major feature of the project is the advancement of gender equality in the utility’s business operations.
Regional
Video: Investing for a Greener World
See how ADB and other international finance institutions are partnering to address the climate change crisis.
Georgia
Video: Georgia's Road to the Future
ADB approved $415 million for Georgia for a new highway to enhance the country as a regional trade and tourism hub, with additional financing from the European Bank for Reconstruction and Development.
Kazakhstan, Kyrgyz Republic
Road Rehabilitation to Fuel Regional Economic Growth
A rehabilitated road connecting Almaty in Kazakhstan and Bishkek in the Kyrgyz Republic, along with improved border-crossing processes, is boosting trade and tourism between the two countries and in the region.
Knowledge
ADB and the European Bank for Reconstruction and Development collaborated on several knowledge products and events including the following:
Protecting Biodiversity Through Environment Safeguards
This session from the 2024 United Nations Biodiversity Conference (CBD Conference of the Parties 16), moderated by Henrik Linders, managing director of Environment and Sustainability at the European Bank for Reconstruction and Development (EBRD), shared insights on the evolving biodiversity standards for development banks, including ADB’s Environmental and Social Framework and EBRD’s Environmental and Social Policy.
Joint Statement by Heads of Multilateral Development Banks and the WTO on Boosting Supply Chain Trade in Emerging Markets
Multilateral development banks need to collaborate to further increase financial support, improve regulatory frameworks, promote marketplaces, drive the E&S agenda, build market capacity, and increase product availability in supply chain finance markets.
Annual Meeting 2024: Building a Bridge to an Inclusive Future
In a curtain raiser to the 2024 Annual Meeting, ADB President Masatsugu Asakawa, European Bank for Reconstruction and Development President Odile Renaud-Basso and Georgia Finance Minister Lasha Khutsishvili share their insights on what it will take to build a sustainable, inclusive future.
Middle Corridor: What Are the Economic Opportunities and Challenges?
The Middle Corridor was, until recently, considered the second-best option to the Northern Corridor for connecting Europe and Asia, boasting a potential reduction of up to 3,000 km, according to a recent report by the European Bank for Reconstruction and Development. This virtual roundtable explored questions related to opportunities presented by the Middle Corridor, infrastructural challenges of the Middle Corridor, economic costs of infrastructure development on this route, and the financing options for infrastructure development on this route.
ADBI Featured Speaker Webinar: European Bank for Reconstruction and Development’s Alexander Plekhanov on Business Unusual Transition Report
This ADB Institute Featured Speaker webinar spotlighted Alexander Plekhanov of the European Bank for Reconstruction and Development (EBRD), who presented EBRD’s 2022–23 Transition Report on the policy implications of “business unusual” conditions in the global economy.
10th Conference of the Asia Pacific Public Electronic Procurement Network
ADB organized the 10th Conference of the Asia Pacific Public Electronic Procurement Network on 11–12 December 2024 in Manila focusing on digital transformation of public procurement with emerging trends in automation and the use of electronic procurement for achieving broader policy objectives toward achieving broad development outcomes.
Joint Statement by Heads of Multilateral Development Banks and the WTO on Boosting Supply Chain Trade in Emerging Markets
Multilateral development banks need to collaborate to further increase financial support, improve regulatory frameworks, promote marketplaces, drive environmental and social agenda, build market capacity, and increase product availability in supply chain finance markets.
Joint Multilateral Development Banks Statement for COP29 – MDBs’ Support to Implementing the Paris Agreement
Multilateral development banks remain firmly committed to support ambitious climate action: assisting clients with flexible, targeted approaches that also drive sustainable economic growth and development, generate jobs, address catastrophic biodiversity loss and pollution, and enhance social inclusivity and resilience.
Multilateral Development Banks United to End Violence Against Women
On the International Day for the Elimination of Violence Against Women in 2024, multilateral development banks were united in their efforts to create a world where women and girls live free from violence.
Financing Commitments
The European Bank for Reconstruction and Development contributes to ADB’s development initiatives through cofinancing.
Cofinancing
2024
- Project-Specific Cofinancing $240 million
5-YEARS
- Project-Specific Cofinancing $265 million
Partnership framework agreement
ADB and the European Bank for Reconstruction and Development signed a procurement framework arrangement in 2011 to support projects related to public sector management and policy and results-based lending.
2024 cofinancing highlights
Sovereign Cofinancing. In 2024, the European Bank for Reconstruction and Development provided loan cofinancing of $240 million to Kazakhstan for the reconstruction of the Kyzylorda and Zhezkazgan corridor in the Ulytau region to improve regional connectivity and boost trade and socioeconomic opportunities in central Kazakhstan. The project will also strengthen the institutional capacity in climate resilience, gender equality, and financial sustainability.
Projects
