In 2025, the European Bank for Reconstruction and Development (EBRD) invested nearly $2 billion across 120 projects in Central Asia and Mongolia, marking one of the Bank’s strongest operational results in the region in more than a decade.

3️⃣ Mongolia Ranks 3rd in the Region

Mongolia emerged as the third-largest recipient of EBRD investments in the region, receiving €188 million in 2025, its second-highest annual total on record. The country’s peak year remains 2024, when EBRD investment reached €264 million, coinciding with the bank’s highest-ever investment level in Central Asia.

• ⚖️ Regional comparison: Within the region, Uzbekistan remained the leading recipient for the 6th consecutive year, securing €880 million in EBRD funding in 2025. Kazakhstan followed with €378 million, while Kyrgyzstan and Tajikistan received €183 million and €88 million, respectively.

💸 Where the Money Went in Mongolia?

In Mongolia, nearly 74% of the year’s EBRD investment reached the real economy through local partner banks. Key projects included,

• An A/B loan of up to €135 million to XacBank (XAC) under the Youth in Business programme, the largest EBRD transaction with a Mongolian bank to date.
• A €16.8 million loan to Khan Bank (KHAN), marking the EBRD’s first agribusiness-dedicated facility in Mongolia and Central Asia.
• A €17.2 million financing package to Golomt Bank (GLMT) supporting women and youth-led enterprises and facilitating trade.

Beyond financial sector support, the EBRD also committed a sovereign loan of up to €33.5 million to develop a specialised cardiovascular hospital in Ulaanbaatar.

Overall… The increase in EBRD investment is a positive sign for Mongolian companies. Compared with other Central Asian countries, Mongolia is making rapid progress in the green transition, ranking above the regional average in 5 out of 6 EBRD financing criteria, according to the Bank’s report. By the way, we are collaborating with the EBRD on a podcast supporting SMEs. Click HERE to learn more about Mongolian businesses’ green transition, experiences, and financing opportunities. 😀