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EBRD president focuses on quality and expansion possibilities

The president of the EBRD, Sir Suma Chakrabarti, talks to Brian Caplen about the themes that will be covered at May’s annual meeting in Sarajevo, such as improving the quality of investments and whether to move into sub-Saharan Africa. 
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Q: The European Bank for Reconstruction and Development [EBRD] annual meeting is being held in Sarajevo. How important is the western Balkans in terms of  EBRD coverage?

A: It is enormously important. If you just look at Bosnia-Herzegovina [of which Sarajevo is the capital], we’ve invested something like €2.2bn over the years. [This translates into] 155 projects, just in one quite small country. If you look at the western Balkans as a whole, it’s about €11.5bn over the years and in 2018 a record €1.1bn in the region. [So the western Balkans is] very important for the EBRD but also for Europe, because this is a region that has quite clearly chosen EU [membership] as its destination of choice.  

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