Eurasian Bank for Reconstruction and Development (EBRD) Sets to Allocate $2.2 Billion for Green Reinvention Endeavor

Eurasian Bank for Reconstruction and Development (EBRD) Sets to Allocate $2.2 Billion for Green Reinvention Endeavor

Updating Green Agenda: EBRD's $2.2 Billion Investment in Kazakhstan's Sustainable Future

ASTANA – In a recent meeting with President Kassym-Jomart Tokayev in Samarkand, Uzbekistan, President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso discussed the bank's plans to invest a whopping €2 billion ($2.2 billion) in Kazakhstan's green transition program.

Here's a sneak peek into the EBRD's future plans for Kazakhstan, based on the latest insights:

Green Transition Program: A Sustainable Future for Kazakhstan

The EBRD is making significant strides towards a greener Kazakhstan. According to the bank's projections, it will be investing a staggering $2.2 billion in its green transition program. This investment will fund initiatives such as renewable energy competitive auctions, amounting to 6.8 gigawatts of renewable energy projects in Kazakhstan alone [1][2][5].

In April 2025, the EBRD provided a financing package of up to $60 million to Bank CenterCredit in Kazakhstan. This package includes funding for green energy projects, climate adaptation measures, and support for micro, small, and medium-sized enterprises (MSMEs), particularly those led or owned by women and youth [4].

A Bright Economic Outlook for Central Asia

According to EBRD's latest Regional Economic Prospects report, Central Asia's economic growth is projected to reach an impressive 5.7% in 2025. However, this growth is expected to ease slightly to 5.2% in 2026 [2]. This optimistic outlook stems from the ongoing economic activities and investments in the region, including those in Kazakhstan.

Kazakhstan's Banking Sector Development

As previously reported, in 2024, the EBRD financed 25 projects worth $935 million in Kazakhstan. During this period, the bank aided in the development of Kazakhstan's banking sector, modernizing legislation, promoting fintech, and adhering to global standards [3].

In an interview with The Astana Times YouTube channel, Beata Javorcik, the bank's chief economist, shared her insights on the economic growth in Central Asia. According to her projection, the region's growth will reach 5.7% in 2025 before easing to 5.2% in 2026 [3].

Summary

The EBRD's ambitious plans for Kazakhstan's green transition involve a massive investment of $2.2 billion in renewable energy projects, competitive auctions, and climate adaptation measures. The bank's financing package to Bank CenterCredit, allocated for green energy projects and MSMEs, further underscores its commitment to sustainable development in Kazakhstan.

Bolstered by these investments, Central Asia's economic growth is expected to rise to 5.7% in 2025, before a slight slowdown to 5.2% in 2026 [2]. The banking sector, too, is poised for further growth through modernization, fintech promotion, and adherence to global standards.

[1] [Source][2] [Source][3] [Source][4] [Source][5] [Source]

1. The European Bank for Reconstruction and Development (EBRD) is set to appoint economist Beata Javorcik to share her insights on the economic growth in Central Asia, especially Kazakhstan, where the EBRD plans to invest a significant $2.2 billion in its green transition program.
2. In 2024, the EBRD, through its funding, contributed significantly to the development of Kazakhstan's banking sector, focusing on modernization, fintech promotion, and adherence to global standards.
3. Odile Renaud-Basso, President of the EBRD, discussed with President Kassym-Jomart Tokayev the bank's intention to invest €2 billion ($2.2 billion) in Kazakhstan's green transition program, which includes funding for initiatives like renewable energy projects.
4. EBRD's future investment in Kazakhstan's green transition program is expected to support various business ventures, such as renewable energy auctions and climate adaptation measures, ultimately promoting a sustainable business environment.

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