Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Regional

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Climate and Environment
Finance
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 16, 2026

Disclosed by Bank Apr 23, 2026

Contribute Information
Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, this Technical Cooperation (TC) project will support selected Partner Financial Institutions (PFIs) in the region so they can meet the European Bank for Reconstruction and Development (EBRD) Environmental and Social Policy (ESP) 2024 requirements when issuing green bonds and financing larger projects, including where Category A subprojects are possible or probable. It will do this by helping PFIs put in place strong Environmental and Social Management Systems (ESMS) that align with EBRD Environmental and Social Requirements (ESRs) 1-8 and 10.

The upgraded ESMS will allow the EBRD to finance green bonds and related lending products in line with: ESP 2024; ESRs 1 10; the International Capital Market Association (ICMA) Green Bond Principles; and the EU Taxonomy Do No Significant Harm (DNSH) criteria.

In addition to enabling transactions that may include Category A subprojects, these ESMS upgrades will make due diligence, monitoring, and reporting more consistent and efficient for larger project financing. This should strengthen PFIs ability to compete in sustainable finance markets, attract more private capital, and support the green transition in the PFIs countries of operation (subject to final PFI selection).

The proposal is based on an assessment of common gaps in PFIs environmental and social risk management. Without this TC, EBRDs green bond pipeline may continue to exclude issuances where proceeds could fund larger renewable energy and green infrastructure projects that require more advanced environmental and social risk management. With targeted support, more PFIs should be able to meet the required ESMS standard, which would expand the pipeline.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Although the bank does not categorize this TC project, its objective is to enable the funding of more Category A projects, especially to fund larger renewable energy and green infrastructure projects.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Investment amount not available at the time of disclosure.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html