The European Bank for Reconstruction and Development has announced the launch of a large-scale program to respond to the consequences of the conflict in the Middle East. In 2026, the bank plans to allocate approximately €5 billion to the economies of countries in the region, including Armenia, as well as states directly affected by the crisis.
Priority areas include Iraq, Jordan, Lebanon, and the Palestinian territories, and among neighboring countries — Egypt, Turkey, and Azerbaijan. The volume of investments will depend on current needs and the development of the situation.
As noted by the bank's president, Odile Renaud-Basso, the organization is ready to strengthen support in conditions of instability, providing funding where it is especially needed. The program includes two stages: immediate assistance to stabilize economies and long-term measures for recovery and sustainable growth.
Special attention will be paid to energy — support for the liquidity of companies and the development of more sustainable energy systems is planned. In addition, funds will be directed to help businesses, including the provision of working capital, as well as to support state-owned enterprises to ensure stable supplies of goods and services.