The European Bank for Reconstruction and Development (EBRD) will provide 5 billion euros in resources to economies affected by conflicts in the Middle East in 2026.
According to the EBRD’s statement yesterday, the funds will be used to support financial institutions, the corporate sector and sustainable infrastructure.
In addition to Iraq, Jordan, Lebanon, the West Bank and Gaza, which are economies directly affected geographically by conflicts, the most affected neighboring countries such as Egypt, Turkey, Armenia and Azerbaijan will also benefit from the financing.
This step will support economic activity, promote stability in the financial sector and ensure continuity of basic services to support growth.
According to the statement, the support will aim to strengthen energy security through targeted liquidity support for energy services in the short term and accelerate the transition to more diversified, resilient and domestically based energy systems.
“While the situation remains uncertain, the economic and social effects of the conflict have already begun to be felt in the economies of many countries within the scope of EBRD, with trade routes being disrupted, energy and commodity shocks, investor confidence weakening and the public bearing larger costs,” the EBRD said in its statement.
