By Nina Tsintsadze The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for micro, small and medium-sized enterprises (MSMEs) in Georgia via ProCredit Bank. One of the leading banks in the country and a longstanding EBRD partner, ProCredit will receive US$...

By Anton Usov The European Bank for Reconstruction and Development (EBRD) is contributing to greater sustainability of Tajik business by supporting lending activity of Tajikistan’s largest private lender Bank Eskhata. The EBRD will share half of the risk on two loans collectively worth up to US$5 million under the risk...

By Rezo Bitsadze The European Bank for Reconstruction and Development (EBRD) is providing a €7 million(US$7.8million) loan to UniCredit Bank d.d. Mostar in Bosnia and Herzegovina. Funds will be lent through the EBRD’s small and medium-sized enterprise (SME) Go Green programme that is supported by the European Union (EU). The...

By Rezo Bitsadze Together with the Government of North Macedonia, the European Union (EU), including its bank — the European Investment Bank (EIB) — and the European Bank for Reconstruction and Development (EBRD) have announced a €560 million(US$616.7million) financial arrangement through Team Europe for the third phase of the Eastern...

By Nibal Zgheib A consortium of international institutions is supporting the development of a second container terminal in Damietta Port in Egypt, which will triple the port’s container capacity and improve its competitiveness.  Damietta Alliance Container Terminals is a Special Purpose Vehicle (SPV) established by Eurogate, Contship Italia, Hapag Lloyd,...

By Nigina Mirbabaeva The European Bank for Reconstruction and Development (EBRD) is providing a €7.5 million(US$8.2million) unfunded portfolio risk-sharing facility to Ukrsibbank in Ukraine to unlock €15 million of new financing for the private sector amid the ongoing war on the country. The instrument will cover up to 50 per...

By Melissa Evans, IAEA Department of Technical Cooperation An event promoting ocean health, featuring the research vessel AlMostakshif, was held by the IAEA and KISR (Kuwait Institute for Scientific Research) at COP28 in the Atoms4Climate Pavillon. The climate crisis has led to growing concern about the effects of a warmer...

By Nigina Mirbabaeva The European Bank for Reconstruction and Development (EBRD) is supporting energy security in Romania by lending RON 400 million  or €80 million(US$87.4million) equivalent to Delgaz Grid SA, an electricity and gas distribution company in the country. The EBRD’s investment is part of a wider syndicated facility of...

By Cyber Era NG Special Correspondent Under war Ukraine has received assurances from the International Monetary Fund(IMF) that it would continue to be supported in its efforts to strengthen the nation’s economy challemged enormously by its ongoing war with Russia. IMF Managing Director Kristalina Georgieva  stated this on her meeting...

By Anton Usov The European Bank for Reconstruction and Development (EBRD) is improving access to green finance and stimulating green innovation in Uzbekistan by providing new funds to a major private domestic lender, Hamkorbank. The EBRD’s loan of up to US$10 million under its Uzbekistan Green Economy Financing Facility II...