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As of 22 July 2025, the European Bank for Reconstruction and Development (EBRD) will upgrade three new countries in Africa and the Middle East to ‘recipient country’ status.
At their 2025 Annual Meeting in London, the EBRD announced that it will add Benin, Côte d’Ivoire, and Nigeria as member recipient countries. EBRD shareholders ratified this today.
Iraq, Ghana, Senegal, and Kenya have also made headway towards becoming full member countries.
Since its inception, the EBRD has invested in its member countries over 30 times the capital that its shareholders initially put in, amounting to €220 billion.
Its Strategic and Capital Framework emphasises inclusive procurement and supply chain finance as two key approaches to making value chains more inclusive.
Going forward, it intends to support the green transition, strengthen economic governance, and enhance human capital by leveraging the private sector far more in its countries of operation.
Blended finance was a recurrent theme throughout the conference: how the private sector can best be mobilised to work alongside international institutions and public organisations; and how multilaterism offers a solution to this.
“Market economies, underpinned by democracy, offer the surest path to growth and prosperity,” said Odile Renaud-Basso, President of the EBRD, on Wednesday, 14 May at the Opening Session of the Board of Governors at Central Hall Westminster.
