Paris, October 6 , 2011
The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has broadened its scope of intervention to include the southern and eastern Mediterranean countries.
The bank’s governors have taken an important, constructive decision. It is a step towards the geographical expansion of the EBRD’s mandate, allowing its swift intervention on the southern and eastern shores of the Mediterranean.
The support of the EBRD and its shareholders is fully in line with the initiatives launched by France in the framework of her G8 presidency with the Deauville Partnership.
We shall continue to work closely with the EBRD to support the region’s countries in their democratic transition./.