The European Bank for Reconstruction and Development (EBRD) delivered a record €16.6 billion in investments across its economies in 2024, a 26 per cent increase over the previous year. Total mobilisation – the overall amount of investment the Bank unlocked from all sources in 2024 – amounted to €26.7 billion. The EBRD financed a record 584 projects overall, with 76 per cent of investments going to the private sector, corresponding to a record volume of €12.5 billion.

In a 12-month period marked by geopolitical tensions around the globe, the Bank also reported record shares of green and gender-tagged projects. Green economy financing amounted to 58 per cent of the Bank’s total investment volume in 2024, at a record of more than €9.7 billion, while the share of gender-tagged projects was 47 per cent. Annual disbursements hit a record level of €10.6 billion. The Bank’s portfolio reached €61.9 billion, surpassing the milestone of €60 billion, while operating assets reached €42.1 billion, exceeding €40 billion for the first time. EBRD President Odile Renaud-Basso said: “We achieved record-breaking impact in 2024, both in volume and, more importantly, in quality. In fact, we not only beat records, but went far beyond them.”

The Bank last year provided support to the private sector in the West Bank, including an equity investment in Bank of Palestine against the backdrop of the conflict in the Middle East. In the context of the climate emergency and the need to mobilise more support for development from the private sector, multilateral development banks (MDBs) responded to calls for greater collaboration between them. Ten MDBs, including the EBRD, announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle urgent development challenges.

In addition, the Bank signed a memorandum of understanding with the World Bank Group in a bid to enhance their collaboration and respond to global challenges more effectively together. The year also featured a presidential election, with the Board of Governors re-electing Odile Renaud-Basso to a second term as President at its Annual Meeting and Business Forum in Yerevan, Armenia.

The Bank’s performance in individual economies and regions will be announced later this month and its overall financial results for last year will be published in spring.