EBRD to Invest $2.2 Billion in Green Transition Program

On April 3, during a meeting in Samarkand, Uzbekistan, President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso briefed President Kassym-Jomart Tokayev on the progress of the green transition program, in which the EBRD plans to invest two billion euros (US$2.2 billion).

In 2024, the EBRD financed 25 projects worth $935 million, The Caspian Post reports citing Kazakh media.

Tokayev thanked the bank for assisting in Kazakhstan’s banking sector development, from modernizing legislation to promoting fintech and global standards.

In an

with The Astana Times YouTube channel, Beata Javorcik, the bank’s chief economist, projected economic growth in Central Asia to reach 5.7% in 2025 before easing to 5.2% in 2026, referencing EBRD’s latest Regional Economic Prospects report.