12/18/2024 | News release | Distributed by Public on 12/18/2024 03:30
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new Infrastructure Sector Strategy, setting out the Bank's strategic directions in this area for the period 2025-29.
The strategy outlines the EBRD's commitment to enhancing infrastructure development across its regions, focusing on sustainability, resilience and connectivity.
The Infrastructure Sector Strategy 2025-29 aims to address the critical infrastructure needs of EBRD economies by promoting investments that align fully with the Paris Agreement. This new strategy integrates previously separate strategies for the transport and municipal sectors to create synergies and maximise impact.
Under the rubric of the G20 Principles for Quality Infrastructure Investment, the strategy promotes three key pillars:
Nandita Parshad, EBRD Managing Director for Sustainable Infrastructure, said: "This strategy breaks new ground for the Bank. It meets the needs of our clients for joined-up thinking, breaks down sector silos and aligns with our well-established and highly successful approach to capturing synergies and coordinating across all types of infrastructure project."