EBRD logo. Official website.
In a statement, the EBRD said the economic and social fallout from the conflict is already being felt across several countries through disrupted supply chains, rising commodity prices, and mounting pressures on households and businesses, amid a highly uncertain outlook.
The Bank’s response will prioritize economies directly affected by the conflict, including Iraq, Jordan, Lebanon, and the West Bank and Gaza, as well as neighbouring countries facing spillover impacts such as Egypt, Turkey, Armenia, and Azerbaijan.
The planned investment volume will be demand-driven, reflecting the fluid nature of the situation and evolving financing needs in affected economies.
EBRD President Odile Renaud-Basso said the Bank is scaling up its countercyclical role to support economies during heightened uncertainty.
“We are stepping up where others may pull back, while maintaining sound banking fundamentals,” she said, adding that the Bank aims to support economies, businesses, and communities through the crisis.
The response will be rolled out in two phases, starting with immediate measures to sustain economic activity, stabilize financial systems, and ensure the continuity of essential services, followed by longer-term efforts to support recovery and sustainable growth.
Energy security will be a key focus, with the Bank planning to provide liquidity support to energy utilities in the short term, while accelerating the transition towards more diversified and resilient energy systems over the longer term.
State-owned enterprises will also receive continued support to maintain the provision of essential goods and services, alongside reforms aimed at strengthening governance and resilience.
In the private sector, the EBRD will extend working capital and liquidity support to firms affected by disruptions in energy markets and agrifood value chains, helping them manage volatility and sustain operations. The Bank has already approved a project to support a retail chain in Lebanon.
Over the longer term, the EBRD will invest in infrastructure, trade routes, food security, and digital solutions to enhance economic connectivity and resilience.
The Bank said its response will also prioritize human capital by safeguarding access to jobs, finance, and essential services, particularly for vulnerable groups.
The programme will be backed by policy dialogue, technical assistance, and advisory support for governments and businesses, especially small and medium-sized enterprises, to help them adapt to shifting economic conditions.
The EBRD added that it will coordinate closely with governments, donors, and international financial institutions to mobilize additional support and strengthen resilience across affected economies.
Since launching operations in the southern and eastern Mediterranean in 2012, the Bank has invested more than €26.5 billion in 489 projects, while committing over €23 billion in Turkey since 2009, largely in the private sector.
Short link: