EBRD: the world changes, the bank also, declares his president
April 12, 2016
Sir Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD), presented the results of the bank’s activity since 1991; in a speech delivered at the Bank’s 25th anniversary event in London on Monday 11 April 2016.
“In the great sweep of history, a quarter of a century can pass in the twinkling of an eye. But the same period can bring momentous change across many continents”, he said in his speech. He retraced the role played by the EBRD since the fall of the Berlin Wall. Since then, the world has changed and the Bank has followed this movement. Chakrabarti reminded that: “since 1991 our reach has expanded from Central and Eastern Europe to stretch across three continents – from Mongolia in Central Asia to Morocco on the shores of the Atlantic Ocean, from Estonia on the Baltic to Egypt on the Mediterranean… We have proved ourselves capable of responding quickly to changing circumstances – as we did after the events in the Arab world in 2011. In just over three years, from a standing start, we have invested more than three and a half billion Euros in almost hundred projects in Egypt, Jordan, Morocco and Tunisia.”