European Bank for Reconstruction and Development weighs sub-Saharan move

The headquarters of the European Bank for Reconstruction and Development in London. Photo by: REUTERS / Stefan Wermuth

BRUSSELS — The European Bank for Reconstruction and Development is considering a foray into sub-Saharan Africa.

The announcement came after the board of governors gave the green light this week for the lender to study whether it should expand its operations in the African continent. Meeting in Sarajevo, Bosnia and Herzegovina, for the bank’s annual meeting, the governors backed preparatory work on its 2021-2025 strategic plan, which will be signed off next May.

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About the author

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    Vince Chadwick

    Vince Chadwick is the Brussels Correspondent for Devex. He covers the EU institutions, member states, and European civil society. A law graduate from Melbourne, Australia, he was social affairs reporter for The Age newspaper, before moving to Europe in 2013. He covered breaking news, the arts and public policy across the continent, including as a reporter and editor at POLITICO Europe.