While the EU has led the development of green finance standards, Asia is ahead of the curve on transition finance, with Japan driving the transition bond market.
The European Bank for Reconstruction and Development (EBRD), which allocated EUR 1.7 billion in financing to Ukraine last year, has provided another EUR 1.2 billion since the beginning of this year and intends to maintain a high level of support in the future, EBRD President Odile Renaud-Basso told President Volodymyr Zelenskyy, the government and the Ukrainian business community during her third trip to Kyiv during the war.
The European Bank for Reconstruction and Development (EBRD) will expand funding for projects in Ukraine in 2024. The main areas of cooperation will concern financing equipment manufacturers for mine clearance of agricultural land, a project to ensure military risks, and lending to the economy's real sector.
Romania’s economy will expand by only 1.8% in 2023, European Bank for Reconstruction and Development economists forecast. The projection was downwardly revised from an initial 2.5% one.