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The London-headquartered European Bank for Reconstruction and Development (EBRD) has an "even more important" role to play in a global context of geopolitical and economic instability, its president Odile Renaud-Basso has told Euronews in an interview.
Established in the aftermath of the Cold War primarily to invest in post-Soviet economies, today the bank invests in Eastern Europe, Asia and North Africa, and is owned by the European Union, the European Investment Bank (EIB) and 77 governments, including the United States and China.
The institution, in recent years, found renewed purpose by becoming Ukraine’s largest institutional investor, deploying €8.3 billion in investments to the country since Russia’s full-scale
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