The European Bank for Reconstruction and Development is seeking higher equity capital from its stakeholders, Azerbaijan Business Center reports. EBRD said a capital increase will allow it to maintain its high level of investment in member countries for the next five years.
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About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
