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Tuesday, September 19, 2017

EBRD boosts investment aid to nations in 2014

Over the course of 2014, the European Bank for Reconstruction and Development (EBRD) increased its investment aid as global financial trouble and geopolitical tension became more apparent, the bank said Wednesday.

The bank's investments increased to approximately $10.3 billion last year, despite having to cut back on future project investment within Russia at the request of EBRD shareholders. In doing that, the bank was able to increase its support for other countries.

Turkey received the most in EBRD investment, a 2014 total of $1.6 billion.

Central Asia saw growth in supportive investments, especially in Kazakhstan, where both the bank and the government forged deals to invigorate reform in the country in multiple areas.

Ukraine also received significant investment support that included road enhancements and overall lending to the public sector. Support from the EBRD amounted to approximately $1.4 billion.

Organizations in this story

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom

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