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Poland to Receive Billions from EBRD for Green and Digital Transformation

Poland to Receive Billions from EBRD for Green and Digital Transformation

July 26, 2024

The European Bank for Reconstruction and Development (EBRD) has outlined a five-year strategy for Poland, focusing on investments in green transition projects and fostering innovation and economic integration. With €14.6 billion already invested in 534 projects, including €1.3 billion last year, the EBRD plans to take equity stakes in initiatives centered on the environment and advanced technology.

Elisabeth Falcetti, Director of EBRD’s Warsaw Office, stated on Thursday that the bank will prioritize enhancing energy and resource efficiency in industries, buildings, and logistics. Furthermore, the EBRD aims to support innovative and competitive Polish companies seeking to expand both domestically and internationally. These investments aim to boost Poland’s stagnant manufacturing productivity and achieve its economic growth potential.

Another major initiative over the next five years includes investing in sustainable transport and logistics infrastructure to improve connectivity, especially with Ukraine. Founded in 1991, the EBRD’s mission is to support the economic development of central and eastern European countries transitioning from communism.

Photo Source: Freepik.com