EBRD newsletter - Friday 12 February

By EBRD  Press Office
@ebrd

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EBRD President stresses importance of international institutions

In an extensive interview with the French broadcaster TV5Monde, EBRD President Odile Renaud-Basso underlined the crucial role of cooperation and solidarity in combatting and overcoming the Covid-19 crisis. “The intervention of international institutions has been absolutely vital”, the President said.

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French channel BFM Business interviews EBRD President

In a live interview for the French business news channel BFM Business, the President spoke about the impact of the coronavirus crisis and the Bank’s response, the green economy and why sustainable development will only be achieved when inclusion is taken into account.

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Alexia Latortue to join US Millennium Challenge Corporation

After four years as EBRD Managing Director of Corporate Strategy, Alexia Latortue is moving to a new role. She will be joining the Biden-Harris administration in Washington to serve as Deputy CEO of the Millennium Challenge Corporation, a US development agency working to reduce poverty through economic growth.

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Heike Harmgart named one of the “10 most powerful businesswomen” in the Middle East

Heike Harmgart, the Bank’s Managing Director for the southern and eastern Mediterranean, has been recognised as one of 10 most powerful women in business in the Middle East by the magazine Forbes Middle East. She was selected for showing resilience, flexibility, and strength in the face of unprecedented adversity, both in the workplace and in their communities.

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Project signings

Advancing Romanian high-impact entrepreneurship movement

In Romania, the EBRD jointly with the private sector companies Dedem and Globalworth is backing the expansion of Endeavor, a pioneering organisation leading the high-impact entrepreneurship movement worldwide. The Bank supported the opening of Endeavor’s Romanian branch by extending a €450,000 grant from the Turkey-EBRD Cooperation Fund, which is backed by the Republic of Turkey’s Ministry of Treasury and Finance. Endeavour in Romania will be led by the previous EBRD Deputy Director for Romania, Mihnea Craciun.

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Promoting green investments in Jordan

In Jordan, the EBRD together with the European Union is introducing the first comprehensive green economy programme, which will help advance green investments in the private sector. The launch of the Green Energy Finance Facility (GEFF) in the country will support Jordan’s transition to a green economy as the country adapts to an increased demand for water and energy due to a substantial population growth.

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On Twitter

Financing Egypt’s new dry port development

In Egypt, the EBRD is supporting the construction of a dry port and logistics centre in 10th of Ramadan City with a €1 million contribution to the project’s preparation and procurement. The facility will aim to improve the efficiency of Egypt’s transport infrastructure. Facilitating trade will contribute to better competitiveness of local producers, which will create employment opportunities and support sustainable growth.

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Donors

Monthly update published

The EBRD Donor Visibility team published its monthly update. It covers a wide range of activities in countries of operations such as Azerbaijan, Turkmenistan and Greece. Camilla Otto, Director, Donor Co-Financing, wrote: “It is in times like these that the importance of our long-standing and deep partnership with our donors come to the fore; both in regards to addressing urgent needs and tackling the long-term impact of the pandemic.

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Social media

EBRD President Odile Renaud-Basso virtually visited two clients of the Bank: a café in Turkmenistan and the BG Reklam, an advertising agency, in Serbia.

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Growing green proteins! With the European Commission #Horizon EU and EBRD support, NASEKOMO in Bulgaria is progressing with its project to scale up and automate its industrial operations.

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The EBRD marked the International Day of Women and Girls in science.

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The EBRD’s Advice for Small Business programme helped with the digital transformation of a Turkmen camel farm.

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The EBRD published a guidance note on safe working in confined spaces.

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