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In 2024, the EBRD again delivered an outstanding level of support to the people and economies it serves. The Bank exceeded previous records, posting a 26 per cent increase in annual investment and project numbers, and its highest-ever level of disbursement and total financial mobilisation.
Reflecting on our strength as a countercyclical international financial organisation, we take pride in our response to global crises. From Covid-19 to the ongoing conflicts in our regions, we continue to demonstrate resilience and adaptability with respect to our shareholders, clients and staff.
Since the start of the war on Ukraine, we have deployed more than €6.2 billion to support the country’s real economy, focusing on trade finance, energy security, vital infrastructure, food security and private-sector resilience. Our partnerships with donors and other international financial institutions have been essential in delivering these results.
In addition, our continued engagement in other parts of the world, such as the eastern Mediterranean region, highlights our agility in addressing urgent needs, such as supporting small and medium-sized businesses, banking sector and people amongst crises.
Our dedicated staff have shown remarkable ability in navigating these challenges and their efforts have been instrumental in our success. And we take pride in our alumni and continue to strengthen our relationship.
Looking ahead, we are excited about expanding our operations into sub-Saharan Africa (SSA) markets and Iraq. We have made significant progress in welcoming new member countries – Benin, Côte d’Ivoire and Nigeria and Iraq (with Kenya, Ghana and Senegal soon to join) – and we eagerly anticipate our first transactions in the region. Our value proposition remains strong: we are committed to preparing high-quality deals, creating market-enabling environments, facilitating public-private partnerships and leveraging our existing client relationships to foster sustainable growth.
While the SSA presents new contexts and challenges, I am confident that we will succeed, just as we did when we entered the southern and eastern Mediterranean region, where invested close to €25 billion in only 13 years. Our endeavours to learn and adapt will be crucial, and we will rely on strong partnerships to navigate this journey.
We take pride in our alumni and continue to nurture our relationship either through business opportunities or events, to name a few. I am always pleased to meet you in government and private-sector capacities and see how you continue to scale up impact. Please continue to contribute your insight, expertise and connections.
I look forward to seeing you at the Annual Meeting in May and if you will not attend the events, you can follow the latest on ebrd.com and our social media platforms.