This paper is devoted to the European Bank for Reconstruction and Development’s measures for limiting the negative impact of the coronavirus pandemic on the economies of its countries of operations. The Bank’s support for the private sector recovery has been studied. The increase in the European Bank for Reconstruction and Development’s investments and its advisory and policy support in response to the coronavirus crisis have been analyzed. The Bank’s short-term initiatives in support of SMEs through the period of economic crisis caused by Covid-19 have been presented. The European Bank for Reconstruction and Development’s activities under the Solidarity package have been analyzed assessing the effectiveness of its response to the COVID-19 crisis. The EBRD policy comparator has been explained. The state credit guarantee schemes applied in the European Bank for Reconstruction and Development countries of operations have been clarified. Conclusions from the analysis of the results of the actions taken by the European Bank for Reconstruction and Development in response to the economic crisis caused by the COVID-19 pandemic have been drawn.