Last Updated January 06, 2009
EBRD: renewed purpose, or out-of-date philosophy?
The EBRD has been given new relevance by the economic crisis in eastern Europe. But is its free market philosophy out of date?
In May 2008, at the EBRD’s annual conference in Kiev, the conference chatter was all about the potential unwinding of the bank. Australia’s government had told its press it was considering cashing out from the bank in 2010, and other governments, such as the US, were also questioning the continued presence of the EBRD in central Europe.
