The EBRD is a strong and successful bank which has consistently delivered results that benefit the economies and people of the countries it supports, EBRD President Sir Suma Chakrabarti said.
He was speaking at the opening session of the Board of Governors at the Bank’s Annual Meeting in Cyprus, where the EBRD has been investing since 2014.
Sir Suma also outlined a clear vision for the Bank’s future: “To deliver yet more impact, to enhance our financial sustainability and to improve the effectiveness and efficiency of everything we do”. The results of work to achieve these goals are “there for all to see”.
In 2016, the EBRD produced another set of record investments, providing finance – as in 2015 – of €9.4 billion in projects that made a strong contribution to progress towards the development of effective market economies.
This EBRD was aiming for even greater impact with the adoption of a set of investment criteria that ensure EBRD projects help economies become not only more competitive, but also better governed, greener, more inclusive, more resilient and more integrated.
These are the six transition qualities the EBRD believes best help to equip the economies of its regions to address the challenges of the 21st century.
In this context he noted that all major international rating agencies had consistently and repeatedly reaffirmed the EBRD’s triple-A rating with a stable outlook. “I am proud of this achievement and determined to safeguard it,” he said.
The President said the EBRD’s unique business model, with its focus on the private sector, was particularly well placed to support the Sustainable Development Goals that were adopted worldwide in 2015 as a blueprint for global development up until 2030.
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