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The Latest Breaking News from European Bank for Reconstruction and Development

DO NOT USE EBRD ‘even more important’ amid global tensions and aid cuts, president says

Odile Renaud-Basso dismisses decline of multilateralism as a threat to the mission of the European Bank for Reconstruction and Development (EBRD) and foresees a role in post-war Ukraine and Gaza’s post-war recovery.

Euronews

EBRD ‘even more important’ amid global tensions and aid cuts, president says

Euronews

Ukraine faces difficult winter amid Russian strikes on energy grid, EBRD chief warns

Kyiv was "well prepared" for winter "a few days ago" before a barrage of Russian strikes targeted oil and gas facilities, Odile Renaud-Basso said.

Euronews

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Davos 2023: How is funding for Ukraine being spent?

The international community has contributed billions of dollars to the war effort in Ukraine. But where is that money going? And can the country look ahead to reconstruction? Business Editor Kate Moody speaks to Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development, on the sidelines of…

France 24

UK market mayhem sparks 'unprecedented' bond-buying from Bank of England

The Bank of England has launched a £65 billion emergency bond-buying programme, in an effort to calm the markets and avert a financial crisis. The "unprecedented" support comes amid mounting criticism of the government's plan to slash taxes. Also in the show: Beata Javorcik, Chief Economist at the European Bank…

France 24

Davos 2022: EBRD chief warns of risk of 'food crisis' amid war in Ukraine

Our Business Editor Kate Moody has been speaking to the head of the European Bank for Reconstruction and Development (EBRD) at the World Economic Forum in Davos. EBRD head Odile Renaud-Basso explained how the institution, which was already present in Ukraine before the Russian invasion, has been "shifting" its support…

France 24

Yellen meets war refugees in Poland, pushes food crisis plan

U.S. Treasury Secretary Janet Yellen has met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance ministers for the Group of Seven leading economies

The Independent UK

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EBRD receives donor pledges to ramp up Ukraine investments

The European Bank for Reconstruction and Development (EBRD) said on Thursday it expected to ramp up investments in Ukraine and surrounding countries after donors indicated pledges of almost 1 billion euros ($1.04 billion).

Reuters

Russia’s economy projected to shrink by 10%; Ukraine’s by 20%

The European Bank for Reconstruction and Development says war has triggered ‘greatest supply shock’ in 50 years.

Al Jazeera

EBRD: War to Hammer Russia, Ukraine Economies this Year

The economies of Russia and Ukraine will contract by 10 percent and 20 percent respectively this year as the war between the two countries causes "the greatest supply shock" for 50 years, the European development bank, EBRD, said on Thursday. Before Russia invaded its pro-Western neighbor on February 24, the…

Asharq Al-Awsat

EBRD: Ukraine War Sparking Turmoil for World Economy

The Ukraine war has major economic consequences for energy, food, inflation and poverty, according to the European Bank for Reconstruction and Development. The EBRD's chief economist, Beata Javorcik, spoke to AFP about the fallout from Russia's invasion of Ukraine, from where more than three million refugees have fled so far.…

Asharq Al-Awsat

Egypt, EBRD Launch New Cooperation in Energy, Tourism

Egypt and the European Bank for Reconstruction and Development (EBRD) signed two memoranda of understanding (MoU) on green hydrogen and established the Sector Skills Council (SCC) to boost the tourism sector. They also signed an agreement to implement an Alexandria metro line with a total value of €250 million. The…

Asharq Al-Awsat

Egypt Discusses with EBRD Clean Energy Transition

Egypt and the European Bank for Reconstruction and Development (EBRD) discussed clean energy transition and Cairo's ongoing preparations for hosting the UN's Conference of Parties on Climate Change (COP 27). Minister of Petroleum and Mineral Resources Tarek El-Molla met Vice President of Policy and Partnerships at EBRD Mark Bowman and…

Asharq Al-Awsat

Inflation, exiting fossil fuels & navigating politics: The challenges facing the EBRD

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…

France 24

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