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Multilateral Development Banks Changing with the Times: A Conversation with EBRD President Sir Suma Chakrabarti
The European Bank for Reconstruction and Development was created exactly twenty five years ago to develop open and sustainable market economies in post-Cold War Europe. Now, its reach extends from Morocco to Mongolia – and its work from agribusiness to equity funds, manufacturing to natural resources, governance reform to financing the green economy. How is the EBRD changing with the times, and how should it respond to the imperatives set by the SDGs, the Paris climate agreement, and to the emergence of new players in development finance?