For more than 30 years, the European Bank for Reconstruction and Development (EBRD) has been investing in countries in Central and Eastern Europe. It's since expanded into the Middle East, Central Asia and North Africa and has plans to move into Sub-Saharan Africa too. The EBRD's President Odile Renaud-Basso discussed some of the challenges facing the development lender, including climate finance, transitioning away from fossil fuels and the Bank's pro-democracy mandate.
In the week that the European Commission designated natural gas and nuclear fuels as sustainable sources of energy, Renaud-Basso said there would be "no political support" for the EBRD to change its ban on investing in nuclear plants.
