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Banking

Where next for the EBRD?

As the role of the European Bank for Reconstruction and Development comes under scrutiny in Brussels, president Sir Suma Chakrabarti mounts a vigorous defence of the bank’s unique business model and sets out his vision for its future.

EBRD_Chakrabati_cover_780
EBRD President Suma Chakrabarti addresses an audience during the Annual Meeting and Business Forum of European Bank for Reconstruction and Development's (EBRD) in Nicosia, Cyprus May 11,2017. REUTERS/Yiannis Kourtoglou - RC1E7C67D5D0
Yiannis Kourtoglou/REUTERS

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. In Bosnia, Moldova and North Macedonia, less than a fifth of the bank’s investment is in the private sector.




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