Shareholders snub EBRD’s African ambitions

For the moment, Africa looks to be a step too far.

Much to the delight of sun-starved Europeans, the European Bank for Reconstruction and Development’s annual meeting was held this year on the banks of the Dead Sea in Jordan. 

It was the first time the bank’s staff and followers had convened in the south and eastern Mediterranean (Semed), the region it began expanding into after the Arab Spring. As well as Jordan, its countries of operation there include Egypt, Tunisia and Morocco – and, since last year, Lebanon, the West Bank and Gaza.

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