Branching out
As bilateral aid retreats, the world’s development banks are reaching further than ever. Their critics worry that they have lost the plot.
NF
ManyPress Editorial Team
ManyPress Editorial
As bilateral aid retreats, the world’s development banks are reaching further than ever. Their critics worry that they have lost the plot.
Key points
- In London in mid-May 2025, at its first Annual Meeting in the city for nine years, the European Bank for Reconstruction and Development’s governors granted recipient-country status to Benin, Côte d…
- Kenya and Senegal, which had completed shareholder paperwork earlier in the year, were already in line behind them.
- The bank, which had spent its first 34 years lending in Central and Eastern Europe, the former Soviet republics, Türkiye, Mongolia and the southern Mediterranean, was now in sub-Saharan Africa for…
- By th end of 2025 the EBRD counted 79 shareholders, had approved a new five-year Capital Framework running to 2030, and had lifted its capital base by four billion euros to underwrite continued sup…
- The theme of its London Business Forum that week, chosen well in advance, was ‘Expanding Horizons, Enduring Strengths’.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Emerging Europe.
