EBRD Board adopts crisis response package

The EBRD Board of Directors approved December 2008 the 2009 Business Plan and Budget which allows for an increase of the Bank’s annual business volume in 2009 of about 20% to approximately €7 billion. Half of the €1 billion in extra spending are earmarked for central and Eastern Europe.

The increase in funding comes as part of the EBRD's response to the impact of the global financial crisis on the Bank's countries of operations.

ESO: Background information: EBRD and the global financial crisis http://www.europeansources.info/record/website-ebrd-and-the-global-financial-crisis/

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