Tag: EBRD

Maghrebail secures €20m from EBRD for green projects in Morocco

Maghrebail, a leasing subsidiary of BMCE – Bank of Africa, has agreed to enhance its support for green lending and climate-resilient technologies in Morocco through a new partnership with the European Bank for Reconstruction and Development (EBRD). This agreement includes an additional senior unsecured debt tranche of up to €10m, doubling the total facility amount […]

EBRD Chief Economist urges foreign aid to prevent economic crisis in Ukraine

Ukraine requires financial and military support to sustain its economy, stated Beata Javorcik, Chief Economist of the European Bank for Reconstruction and Development (EBRD), the business news portal UBN reported on Jan. 18. Despite last year’s growth of over 5%, the economic situation in Ukraine remains challenging. Read also: EBRD board greenlights EUR 4 billion […]

Ukraine needs increased Western support to avoid “printing money,” EBRD says

Ukraine needs both financial and military support to prevent the government in Kyiv from resorting to “money-printing” to keep the economy afloat. Source: The Guardian, citing the chief economist of the European Bank for Reconstruction and Development (EBRD), Beata Javorcik, in an interview at Davos. Javorcik said that the economic situation in Ukraine is challenging, […]

EBRD board greenlights EUR 4 billion boost for Ukraine investments

The European Bank for Reconstruction and Development (EBRD) has greenlit a capital increase of EUR 4 billion ($4.4 billion), paving the way to double its investments in Ukraine, Reuters reported on Dec. 19. The fresh capital injection is set to fuel major investments in the real sector of the Ukrainian economy, both during wartime and […]