EBRD president Suma Chakrabarti
The European Bank for Reconstruction and Development is a curious beast. Founded to help former communist countries make the transition from state planning to market economics, it now covers a clutch of markets around the Mediterranean from Greece to Morocco.
It is part of the European development architecture, but has a global shareholding, including – since January 2016 and July 2018 respectively – China and India.
It has a mandate to support private enterprise, but in nearly a third of its 37 countries of operation the public sector accounts for more than half of its portfolio.
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