London, December 15 The European Bank for Reconstruction and Development (EBRD) said on Monday it had accepted China as a member, handing the world’s second biggest economy investment routes into Europe, Africa and Middle East. “China’s membership of EBRD will open up significant further opportunities for sustainable investment by Chinese groups in the regions where the EBRD works,” bank President Suma Chakrabarti said. Founded in 1991 to aid central and east European states emerging from Soviet rule to make the transition toward market economies, the bank now oversees development projects in 36 countries, including Ukraine, Egypt and Mongolia. Some of …read more
Source: The Himalayan Times
