The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has endorsed a renewed strategic focus on supporting Ukraine during the ongoing war and reconstruction phase, while also maintaining assistance for economies affected by the conflict in the Middle East. The resolution was adopted during the EBRD’s 2026 Annual Meeting and Business Forum held in Riga.
Ukraine remains the Bank’s top priority, with approximately €10 billion already deployed since the start of Russia’s full-scale invasion. Governors emphasized that continued international coordination and multilateral cooperation will be essential as the EBRD expands its role in supporting Ukraine’s recovery, resilience, and long-term economic development.
The resolution outlines several key priorities for Ukraine, including strengthening energy systems and essential public services, rebuilding the private sector, improving the overall business environment, reinforcing financial sector stability, and supporting human capital development. These efforts are aimed at ensuring both immediate stability and long-term economic growth.
EBRD President Odile Renaud-Basso welcomed the decision, highlighting the strong commitment of shareholders and reaffirming the Bank’s mission to support Ukraine at a critical time. She noted that the endorsement strengthens the EBRD’s ability to work with international partners in delivering recovery and reconstruction support.
In addition to Ukraine, the Bank will continue to provide targeted support to economies impacted by the Middle East conflict. This includes efforts to maintain investment flows and support economic recovery in affected countries such as Iraq, Jordan, Lebanon, and the West Bank and Gaza, as well as neighboring economies including Egypt, Türkiye, Armenia, and Azerbaijan.
A €5 billion response package has already been announced to address urgent needs in these regions, focusing on stabilizing economies, supporting clients, and mitigating spillover effects from ongoing conflict conditions.
The resolution also highlights the importance of the EBRD’s newly introduced Economic Governance Strategy, which aims to strengthen institutional frameworks and improve long-term policy effectiveness across its countries of operation.
In 2025, the EBRD delivered a record €16.8 billion in investments across its regions and expanded its geographic footprint by launching its first projects in sub-Saharan Africa and Iraq. Since its establishment in 1991, the Bank has invested more than €220 billion across 77 shareholder countries, as well as the European Union and the European Investment Bank.
The renewed commitments underscore the EBRD’s evolving role in addressing both immediate crisis response and long-term development challenges across multiple regions.
