EBRD's Sustainable Investments in Central Asia: A Green Legacy
Key Ideas
- EBRD achieved a historic milestone in Central Asia by injecting $2.33 billion in 121 projects, nearly doubling its annual investment compared to 2023.
- Top beneficiaries were Uzbekistan and Kazakhstan, with investments in sustainable infrastructure, SME support, and green economies.
- Pioneering projects included renewable hydrogen in Uzbekistan, wastewater upgrades in Kazakhstan, and social infrastructure development in the region.
- EBRD's investments in energy infrastructure and social projects aimed to improve national grids, promote sustainable transport, and strengthen healthcare facilities.
In 2024, the European Bank for Reconstruction and Development (EBRD) made significant sustainable investments in Central Asia, injecting $2.33 billion into 121 projects across six regional economies. Uzbekistan and Kazakhstan emerged as the top recipients of EBRD funding, focusing on sustainable infrastructure, small and medium-sized enterprises (SMEs), and green initiatives. Notable projects included the development of Central Asia's first renewable hydrogen facility in Uzbekistan and a wastewater treatment plant in Kazakhstan. The EBRD also supported social infrastructure projects, such as building a hospital in Kazakhstan and rehabilitating roads in Uzbekistan. In the energy sector, the Bank financed projects to improve national grid systems in Kazakhstan and Uzbekistan and arranged a landmark financing package for a solar plant with a battery energy storage system in Uzbekistan. Additionally, the EBRD empowered entrepreneurs and SMEs through various programs and investments, aiming to foster economic growth and innovation in the region. Overall, the EBRD's commitment to green and inclusive projects in Central Asia is paving the way for sustainable development and resilience in the region.
Topics
Asia
Infrastructure
Sustainability
Investment
Green Projects
Energy
Small Businesses
Entrepreneurs
Social Sector
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