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The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new strategy for the telecommunications, media and technology (TMT) sector, setting out the Bank’s strategic priorities in this area for the period 2025-29. This strategy outlines the EBRD’s commitment to fostering more inclusive, resilient and green digital economies as part of the Bank’s focus on digitalisation within its Strategic and Capital Framework. To achieve this, the EBRD will focus on investments in digital infrastructure and tech-enabled products and services, while also fostering innovation and catalysing digital entrepreneurship. Holger Muent, the EBRD’s Head of TMT, said: “We are living in increasingly digital economies, based on digitally enabled business models and underpinned by rapidly advancing technologies. The TMT sector is a cornerstone of this digital transformation, and our new strategy reaffirms our commitment to supporting its sustainable growth. We will continue to invest in building resilient and competitive networks and supporting the development of innovative technologies.” The Bank’s investments in this sector will be guided by two key priorities: investing in inclusive, resilient and green digital infrastructure as the foundation for digital transformation investing in technologies that enable the digital economy and facilitate innovation and adaptation. All of the EBRD’s investments will continue to be aligned with the Bank’s evolving Green Economy Transition (GET) approach and the Paris Agreement, support the use of renewable energy in that sector, and contribute to the application and development of green technologies. This will ensure that environmental impacts associated with rising data use are addressed, and that digital infrastructure and technology remain critical enablers of the transition to low-carbon economies. |
