Visit of Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD), to José Manuel Barroso
On 19 September 2012, osé Manuel Barroso, President of the EC, received the visit of Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD), at the European Commission in Brussels.
On this occasion, they discussed effective cooperation between both institutions, and synergies between the financial instruments and the grant-loan blending facilities managed by the European Commission.
The EBRD has launched its first investments in emerging Arab democracies, in a major step in its response to the wave of political and economic change in countries in North Africa and the Middle East. Three projects in Jordan, Tunisia and Morocco were approved on 18 September, by the EBRD’s Board of Directors. Investments in Egypt are expected to be submitted shortly.
The EBRD was established in 1991 in response to major changes in the political and economic climate in central and Eastern Europe following the fall of the Berlin wall. Last year, in response to the events of the Arab Spring, it agreed to extend its operations into the southern Mediterranean region.
This video shows handshake and round table. SHOTLIST