The Board of Directors of the European Bank for Reconstruction and Development has approved the request of Chinese authorities regarding the PR China’s entry to the bank shareholders’ line-up, as it is said in the press-release of the bank, the Ministry of Finance reports.
The EBRD shareholders are 64 countries, the European Union and the European Investment Bank. Each shareholder has its own representative in the EBRD Board of Directors, which is the highest governing body of the bank.
“The China’s membership to EBRD will offer significant opportunities for long-term Chinese investments in regions, where EBRD works”, - the EBRD President Suma Chakrabarti stated.
EBRD can see many opportunities for cooperation with Chinese companies in projects in PR China and in all regions, where EBRD is present – from Central Asia to Eastern Europe and North Africa.
EBRD has also expressed the willingness to work with Asian Infrastructure Investment Bank, established in Beijing
