EBRD's Record Investment in Central Asia Drives Sustainable Growth
Key Ideas
- The European Bank for Reconstruction and Development (EBRD) set a new investment record in Central Asia in 2024, totaling over €3 billion across six countries.
- Focus on sustainable infrastructure with 61% of investments supporting green initiatives and 24% aiding small businesses, entrepreneurs, and youth projects.
- Landmark projects included a renewable hydrogen facility in Uzbekistan and a significant wastewater treatment plant in Kazakhstan, among others.
- In addition to infrastructure projects, the EBRD also allocated funds for healthcare, transportation, and small business support in the region.
In 2024, the European Bank for Reconstruction and Development (EBRD) made significant investments in Central Asia amounting to €3 billion, a substantial increase from the previous year. Uzbekistan and Kazakhstan led in funding, each receiving over €900 million. The majority of investments focused on sustainable infrastructure, including a renewable hydrogen facility in Uzbekistan and a wastewater treatment plant in Kazakhstan. Notably, 58% of investments were in line with the Paris Agreement, promoting a green economy in the region. The EBRD also allocated funds for healthcare projects like hospitals in Kazakhstan and Mongolia, as well as transportation projects such as road and bridge construction in Uzbekistan. Small businesses were a key focus, with over 8,000 benefiting from training and mentoring programs. The EBRD's dedication to empowering local businesses and supporting sustainable growth has solidified its legacy as the leading investor in Central Asia.