Expansion Plans EBRD aim for Arab expansion
EBRD Chief Thomas Mirow said the bank would eventually be able to invest 2.5 billion euros in the region.
ASTANA:
The European Bank of Reconstruction and Development (EDRD), which for two decades has financed projects in eastern Europe and the former Soviet states, on Saturday launched the process to expand its operations to North Africa and the Middle East. “EBRD shareholders have made significant progress towards a decision on extending the bank’s investment to countries in the Middle East and North Africa,” the bank said in a statement. EBRD Chief Thomas Mirow said the bank would eventually be able to invest 2.5 billion euros ($3.54 billion dollars) in the region.
Published in The Express Tribune, May 22nd, 2011.
The European Bank of Reconstruction and Development (EDRD), which for two decades has financed projects in eastern Europe and the former Soviet states, on Saturday launched the process to expand its operations to North Africa and the Middle East. “EBRD shareholders have made significant progress towards a decision on extending the bank’s investment to countries in the Middle East and North Africa,” the bank said in a statement. EBRD Chief Thomas Mirow said the bank would eventually be able to invest 2.5 billion euros ($3.54 billion dollars) in the region.
Published in The Express Tribune, May 22nd, 2011.