The European Bank for Reconstruction and Development named “Best project finance adviser” across the EMEA (Europe, Middle East and Africa) region. Energy, natural resources and infrastructure projects also honored.
The EBRD’s expertise in project financing has been recognized at the EMEA Finance awards in London.
In addition to being named “Best project finance adviser” for the EMEA, EBRD-financed projects won about 20 awards; in the energy and natural resources sector and in infrastructure in a vast region spanning three continents, stretching from Egypt to Kazakhstan.
The EMEA Project Finance Awards, organized by the EMEA Finance magazine, looked at the best project finance deals that were closed in 2017. The accolade, which is in its 10th year, is given for the overall EMEA region and also for separate regional categories.
Across all of its countries of operations, the EBRD has been a pioneer in the rollout of project finance, which helps to attract a wider spread of investors, including foreign investors, by offering them greater protection. The Bank has put a particular focus on project finance in the renewable energy sector. It is the largest renewable energy financier in its region and also engages in policy reform in its countries of operations.
Project finance is a type of long-term financing, mainly of infrastructure, where repayments of the original investment are made from cash flows generated by the project, as opposed to the balance sheet of the company doing the project. This means less risk for investors and allows countries and firms to build more infrastructure.