New EBRD president assumes office
Odile Renaud-Basso assumed office as the new president of the EBRD in London on Monday. She is the first women to lead a multinational development bank. The former Director-General at the French Treasury was elected in October at the EBRD’s 2020 Annual Meeting, which was held in a virtual session due to the coronavirus pandemic.
A feature story in the French magazine Challenges profiles the new president and describes how throughout her career she has “smashed the glass ceiling”.
Green transition of Tauron Polska Energia
Tauron Polska Energia, one of the largest energy firms in Poland, is moving from fossil fuels to renewable sources of energy with an EBRD investment in its local currency bond issuance.
Commercial paper market in the Baltics
The EBRD and the central banks of Estonia, Latvia and Lithuania have joined forces to develop a regional market for commercial papers. These are short-term unsecured promissory notes issued by companies with a fixed-term maturity and used to address short-term liquidity or working capital needs. Local media reported extensively on the deal.
How Split will become the new Barcelona
In Croatia, the urban regeneration plan for Split, developed by the Austrian civil engineers iC Consulenten and funded by the EBRD, is set to radically transform the city with a redesign of the vital port area and the development of the Kopilica district.
EBRD in the news
Fighting corruption in Ukraine
“The EBRD will continue supporting anti-corruption efforts and promoting good corporate governance in Ukraine, but this can only be done in cooperation with the authorities,” EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone told Interfax-Ukraine.
Energy transition in Poland
“Support for the energy transition in Poland remains fully in line with the EBRD's priorities. We are also regularly involved in financing investments of network energy groups,” EBRD Associate Director Anna Chmielewska said in an interview with Poland’s Smart-Grids.pl.
Follow the EBRD’s senior economist, Zsoka Koczan, on Twitter to catch up with our latest economic projections.
EBRD and donors
The latest EBRD donor update is now available.
EBRD to launch 2020 Transition Report with high-level discussion
The EBRD is launching its 2020 Transition Report, titled “The State Strikes Back,” on Tuesday 10 November at 15:00 (London time). The findings of the report and related questions will be discussed by a panel of top economists including Mariana Mazzucato (University College London), Dani Rodrik (Harvard) and EBRD Chief Economist Professor Beata Javorcik (Oxford).
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