Q: This year’s annual meeting of the European Bank for Reconstruction and Development [EBRD] goes under the motto ‘Targeting green and inclusive growth – meeting regional and global challenges’. Why have you picked this theme, and how is it relevant to the host country, Cyprus?
A: I would say with humility that the EBRD is seen internationally as the leading multinational on sustainable energy projects, particularly in the private sector. And for good reason – we’ve built this knowledge and expertise since 2006. [Since then we have had the target] that about 25% of our lending should be in the green economy area. But now, our shareholders [have] supported a shift towards 40% of our lending to be in this area by 2020. We are already doing about a third now, so we are well on the way to getting there.