The Board of Governors of the EBRD – supported also by Hungary – re-elected Sir Suma Chakrabarti as President for a second 4-year term. At the annual general meeting of the European bank for Reconstruction and Development, the Board of Governors applauded Sir Chakrabarti’s track record in the past four years. The EBRD has significantly contributed – through, for example, the acceleration of lending – to the post-crisis rebound of the economies of beneficiaries.
President Chakrabarti announced at the opening of the event that the organization planned to hold a conference on economic growth and investment opportunities in Budapest, in the second half of the year. The meeting aims to boost the growth potential of the EU13 (Central and Eastern Europe, the Baltics, Malta and Cyprus), based on 25 years of EBRD expertise.
Minister for National Economy Mihály Varga stressed it was an honour for Hungary to host the event and we were glad the share Hungary’s experiences in economic development.
(Ministry for National Economy)
