29 Sep 2021
- UAE joins EBRD as 72nd shareholder
- Membership request approved by Bank’s Board of Governors
- Membership will open new opportunities across EBRD regions
The United Arab Emirates (UAE) has become a full member of the European Bank for Reconstruction and Development (EBRD) and its 72nd shareholder, setting the stage for new investment opportunities across the Bank’s regions. The UAE will not become an EBRD country of operations.
The UAE government applied for EBRD membership in September 2020, expressing its wish to contribute to the Bank’s operations. This first step towards membership was approved by the Board of Governors in January 2021. The membership process has now been completed.
The UAE is an important business and knowledge hub. Its membership will open further opportunities for impact across the EBRD regions, benefiting many of the economies where the Bank invests.
The EBRD has a growing footprint in the southern and eastern Mediterranean region, where it began investing in 2011. Today, the Bank is active in investment and policy engagement in Egypt, Jordan, Lebanon, Morocco and Tunisia, as well as the West Bank and Gaza.