Confirmed to attend are key decision makers from major banks such as Barclays, Standard Charted, Citi, and representatives from international bodies such as the World Trade Organisation, World Bank, IFC, ICC, ERBD
had earlier scaled back its dealings with Ukraine but this is the first time it has decided to completely freeze operations.
The European Bank for Reconstruction and Development is mostly interested in energy, agrarian, financial sectors in Kyrgyzstan, ERBD
Director Jonathan Ockenden said at the meeting of EBRD Directors with Prime Minister Jantoro Satybaldiev on September 25.
indicators of banking sector reform are measured on a scale of 1 to 4+ (for 1997 and 2003): score 2: established internal currency convertibility, significant liberalised interest rates and credit allocation; score 3: achieved substantial progress in establishing prudential regulation and supervision framework; score 4: level of reform approximates the BIS institutional standards.
The CEO of the ERBD
stated that the international expertise available would be invaluable to improve the country's current regulations.
Since 1992, the ERBD
has been providing its supports to Armenia and so far the bank has made over $793 million in investments to facilitate project developments, 87% of which was undertaken by the private sector.
On 9 February, the ERBD
announced that it has signed an agreement to finance Shabab power plant.
Riccardo Puliti, ERBD
Managing Director, Energy and Natural Resources, received the award from the US Treasury Department, in Washington, DC.
has invested more than 130 million (US$ 176 million) in nine projects, since it was launched in 2012.
Board of Directors had previously given approval for a new policy on Georgia that entails the key priority areas of the bank planned for the country covering the period between 2013 and 2016.
During the opening session of the conference, Monday, President of the ERBD
, Sir Suma Chakrabarti, said investment has been increasing in the region since 2011 in infrastructure, banks and equity funds, as well as SMEs.
Investment by ERBD
is initiated in in September 2012, responding to calls from the international community that saw the development bank begin to extend its remit to four countries in the SEMED region.