EBRD to push development goals at Lima IMF/World Bank meeting

By Anthony Williams

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Combine harvester - EBRD to push development goals at Lima IMF/World Bank meeting

EBRD on track for strong year of investment in 2015

Sir Suma Chakrabarti will lead a senior delegation from the European Bank for Reconstruction and Development (EBRD) to the International Monetary Fund and World Bank Annual Meeting this week in Lima where the focus will be on rolling out ambitious new development goals for the next generation.

The EBRD President will hold meetings with senior political figures from EBRD member countries as well as with heads of other Multilateral Development Banks which have all thrown their weight behind the 2030 development agenda.

He will make clear that in this crucial year for global development the EBRD is stepping up its engagement with its countries of operations, re-energising the transition process and preparing economies for more robust future growth.

“The international community has taken a giant step forward in 2015 by setting a new development agenda that seriously tackles the global challenges of the 21st century. In Lima we shall work with all of our partners to make sure that the new goals translate into real benefits for our people and for our planet,” Sir Suma said ahead of the meetings.

The EBRD is particularly well placed to support the roll out of the Sustainable Development Goals adopted at the United Nations General Assembly last month.

They are closely aligned with the EBRD’s own priorities of ensuring economies are more resilient to major external shocks, promoting integration and addressing global and regional challenges, such as resource efficiency, combatting climate change, and increasing energy and food security.

The EBRD is on track this year to deliver a strong year of investments after providing finance of €8.9 billion in 2014.  The high level of financing is twinned with stepped up support for policy reform, helping to improve the business climate and open up markets to increased investment.

This continued high level of engagement by the EBRD is particularly important in light of the impact on our region of the current migration crisis.

The EBRD is working to strengthen the economies of the countries which are the source of economic migrants in to the European Union and elsewhere. The aim is to improve those countries prospects, over the medium to long term, to provide more opportunities.

In the run up to the crucial COP21 climate talks in Paris in December, the EBRD is also taking a leading role in climate finance, especially via its involvement of the private sector in tackling this major global challenge.

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