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Telecommunications, Media, and Technology (TMT) is at the heart of the digital transformation impacting all EBRD Countries of Operations.
The TMT sector provides the necessary digital infrastructure for connectivity and data storage, as well as the technologies changing how we participate in our economies, interact with each other, access services and engage with government entities. The COVID-19 pandemic accelerated the growth of data use worldwide and provided a stark reminder of the remaining inequalities in access to high-speed internet.
The Digital Economy is an important driver of economic growth, with over 70% of new economic value created over the next decade expected to be based on digitally enabled business models. As the penetration of technology in everyday life grows, reducing the digital divide and using those technologies will remain a key EBRD priority, in alignment with the Bank’s Equality of Opportunity Strategy and the Strategy for the Promotion of Gender Equality. At the same time, thorough cybersecurity measures will be required to ensure digital infrastructure resilience.
Digital infrastructure and technology are also critical enablers in the transition to a low-carbon economy, including through improved network operations and green tech advancements. To ensure that environmental impacts associated with rising data use are addressed, investments will continue to be aligned with the Bank’s evolving GET Approach and remain Paris-aligned, support the use of renewable energy in the sector and contribute to the application and development of green technologies.
The TMT 2025-2029 Sector Strategy strengthens the Bank’s focus on investing in digital infrastructure and tech-enabled products and services, which are mutually reinforcing parts of an integrated digital landscape. Resilient and competitive networks are necessary for sustainable and inclusive economic development, while also fostering innovation and catalysing digital entrepreneurship. The strategy is also a reflection of the sector’s key role as a delivery mechanism for EBRD’s Strategic and Capital Framework and the key role played by ‘digital’ in the Bank’s broader transition mandate.