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ebrd and the global financial crisis

EBRD responds to the global financial crisis

The crisis has had a major impact in the EBRD's countries of operations in central and eastern Europe and threatens the significant progress made in the last two decades. These countries face limited availability of commercial lending, private equity, public and state funding.

Today the EBRD is needed more than ever. It has responded to the financial crisis by sharply increasing its investments in 2009 and working closely with IFIs and partners to find practical, efficient and timely solutions.

Read about how the EBRD is responding to the crisis below.

 

News and key projects

Forecasts I Strategy I Banking I Support for small businesses I Energy efficiency I Trade, infrastructure, manufacturing and agriculture I
Property and tourism I Donors I News and views I Speeches I Publications I

Forecasts

Eastern European economies to contract 5 per cent in 2009 (7 May 2009)

Chief Economist Erik Berglof on latest growth forecasts (28 January 2009)

EBRD winds back growth forecasts as global crisis deepens (27 January 2009)

Previous forecast: EBRD economies to slow sharply (25 November 2008)

Strategy

EBRD ups investments to €8 billion in 2009

EBRD First Vice President Varel Freeman comments on the Bank’s increased business volume

Crisis response: next steps (Statement by EBRD Chief Economist)

EBRD sets rapid pace of investment in response to crisis

EBRD investments hit record €1.1 billion in Q1

EBRD, EIB and World Bank Group join forces to support Central and Eastern Europe

EBRD boosts support for mid-sized corporates

EBRD Board adopts crisis response package

EBRD to boost investments to combat financial crisis

Banking

EBRD and Raiffeisen International strengthen eastern European banks

EBRD boosts lending in Lithuania

EBRD sets fast pace with syndications despite challenging market conditions

EBRD provides $80 million subordinated loan to Bank Forum

EBRD boosts capital in central Europe’s largest independent bank

Joint financing package boosts lending to businesses in Azerbaijan

EBRD sets fast pace with syndications despite challenging market conditions

EBRD approves $150 million 5-year loan to Troika Dialog

EBRD strengthens and supports Kazkommertsbank

EBRD plans $250 million loan to Ukreximbank

Georgia’s TBC bank gets international support

EBRD finance package for Parex Bank

EBRD supports stabilisation efforts for Latvia

EBRD backs international stabilisation efforts in Romania

EBRD completes $12 million loan for Russia’s UralTransBank

EBRD Trade Facilitation Programme supports Russia’s Transcapitalbank

Bank of Georgia to receive EBRD and IFC support

EBRD $10 million loan facilities for Russia’s Spurt Bank

EBRD initial $7 million loan for Russia’s UralTransBank (UTB)

EBRD lends $75 million to Raiffeisen Bank Aval

Support for small businesses via the banking sector

TCX Fund helps Kyrgyz and Azeri small businesses

Crisis response: “Small businesses are the key to recovery”

EBRD support for leasing to Polish businesses

EBRD to lend Russia’s Sistema holding up to €120 million

EBRD supports small businesses in Moldova

EBRD and PBZ support Croatian economy

EBRD spurs lending to small and medium size businesses via Erste Bank Hungary

EBRD support for leasing to Polish businesses

EBRD supports small businesses in Azerbaijan

Joint financing package boosts lending to Azerbaijan

EBRD supports Polish leasing sector

EBRD and UniCredit join forces to support businesses across eastern Europe

EBRD and BCR step up support for Romanian small businesses

EBRD lends VTB24 $150 million for small business programme

EBRD lends Russia’s SKB-Bank up to $10 million to fund small businesses in the Urals

EBRD supports Romanian small businesses with loan to Banca Transilvania

Energy efficiency

EBRD rolls out new Russian energy efficiency lending initiative

EBRD to trigger investments of up to €15 billion in energy efficiency, renewables in eastern Europe

Trade, infrastructure, general manufacturing and agriculture

EBRD $75 million credit line for Louis Dreyfus Commodities’ Russia and Ukraine subsidiaries

EBRD supports Kaufland’s expansion in eastern Europe

EBRD increases Belarus bank’s ability to finance trade deals

EBRD invests into major Ukraine petrol station operator

EBRD provides $20 million loan to Ukraine’s ASTARTA

EBRD's €120 million loan to Russian electricity generator

EBRD lends $62.5 million to Ukraine Railways

EBRD, WTO leaders urge open trade flows to prevent further economic downswing

EBRD lends $130 million to Russian rail freight operator

Property and tourism

Q & A: Property and Tourism Director Sylvia Gansser Potts discusses the impact of the crisis on the property and tourism sector

Donors

Official Co-Financing Unit Director Alexandre Draznieks explains how donors are affected by the crisis

News and views

South-eastern Europe and the financial crisisQ & A with Peter Sanfey, lead economist at the EBRD

Financial crisis: lessons from the pastQ & A with former EBRD First Vice President

Vice President, Finance, Manfred Schepers, CFO Europe Magazine

President Thomas Mirow: Joint initiatives can rescue eastern Europe, Financial Times

Helping Small Firms Is Key to Recovery, Business Week

Speeches

President Thomas Mirow - LSE, March 2009

Vice President, Finance - Central and Eastern European Forum, Jan 2009

President Thomas Mirow - Council of Europe, Jan 2009

Publications

Transition Report 2008: Growth in transition

Further information

View all EBRD press releases and feature stories

 

 

 

 




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