he European Bank for Reconstruction and Development (EBRD) has invested €10.4bn in 2021, the second highest amount (after €11bn in 2020) since its creation in May 1990, writes en.econostrum.info
In 2021, the institution handled 413 projects (411 in 2020) and its share of the private sector rose by four points to 76%. Its intervention has mobilised around €1.2bn of donor funds to support its operations. This amount came mainly from the European Union, the Bank’s largest multilateral donor.
51% of the EBRD’s total commitments in 2021, i.e. €5.4bn, concerned the green economy, a record ratio. In 2020, these investments only reached a share of 29% compared to 46% in 2019 and 25% in 2015. The previous year, the bank had to focus on the response to the Covid-19 crisis by reserving a large part of its investments to directly help its customers and economies fight the impact of the global economic crisis. This included providing short-term liquidity and working capital through emergency loans, which by their nature did not support new investment spending in the green economy.
The EBRD had therefore taken a break from its new approach to the EBRD Green Economy Transition (GET), launched in 2016 and updated in July 2020 (GET 2.1), aimed at promoting the use of sustainable energy and resources.
