EBRD blog European Bank for Reconstruction and Development

Category: Financial institutions

€30 billion for emerging Europe from EIB, World Bank and EBRD

EBRD Chief Economist, Erik Berglof: This new, larger financial package will focus on both financial and non-financial sectors to promote growth and structural reforms in central and south-east Europe.

A full transcript of the video is available below.

“The purpose of this €30 billion is to help recovery in our region, and we are now talking about central and south-east Europe.… Read more

EBRD's Annual Meeting in Zagreb

More than 2,000 people from all over the world are arriving in Zagreb, Croatia as the EBRD’s 19th Annual Meeting (AM) and Business Forum gets under way.

Participants will be able to assess the latest political, economic and social changes and business opportunities in the country and across our region of operations, as well as a chance to network and to enjoy the host country’s cultural programme.… Read more

The road to a fragile recovery

The EBRD has released its latest economic forecasts. Signs of positive growth in the third quarter suggest the recession is bottoming out in much of the EBRD region - but any upturn in 2010 is likely to be fragile and patchy.… Read more

The "invisible hand" of advanced country central banks in emerging markets

We all know that most emerging market economies have limited policy room to deliver massive counter-cyclical crisis response. This affects their risk perception, investor confidence, and capital inflows. Indeed, most emerging markets have limited fiscal space (except for those with a war chest of international reserves such as China and several other Asian countries, or Chile in Latin America).… Read more

In defense of foreign banks

‘Banker’ has recently become somewhat of a dirty word and ‘foreign banker’ a most reviled sub-species. Over the last months foreign banks have, amongst other things, been accused of abandoning some of the emerging markets that have contributed so much to their profitability over the last decade.… Read more

BIS data on cross-border flows – a closer look

Authors: Piroska Nagy (-7149) and Stephan Knobloch (-7065), 5 May 2009.

New BIS data for the last quarter of 2008 show that BIS-reporting banks significantly reduced their asset holdings across major regions of the world. While in absolute terms most of the reduction took place in advanced countries, in relative terms, emerging markets were hit harder.Read more

The crisis has changed the EBRD

The debates among the G20 leaders about global architecture and the crisis response of the international institutions may seem abstract and removed from the concerns of most people. But the discussions are very real to those of us working in these institutions as we prepare to meet our key stakeholders at our Annual Meetings on May 15-16 in London.… Read more