EBRD to Vote on Membership for Libya

The European Bank for Reconstruction and Development (EBRD) will hold its Annual Meeting in Warsaw on 14-15 May, just as geopolitical tensions are threatening the recovery in some of the larger economies where the Bank invests.

Among the issues to be discussed is whether Libya should be admitted as a member of the Bank.

The Libyan authorities lodged a request in December 2013 for the country to become a shareholder of the EBRD with a view to becoming a recipient of EBRD finance. Any process to establish recipient status would start following a decision in Warsaw on membership.

(Source: EBRD)

(Picture: Suma Chakrabarti, President of the EBRD)

No comments yet.

Leave a Reply