Posted by: zanshin, 2009-03-03 01:48

Story

EBRD, EIB, World Bank join forces to support Eastern Europe

2009-02-28 (Saturday), People's Daily Online
The largest multilateral investors and lenders in Eastern Europe -- the EBRD, the EIB Group, and the World Bank -- have pledged to provide up to 24.5 billion euros (31.1 billion dollars) to support the banking sectors in the region and to fund lending to businesses hit by the global economic crisis.

This initiative complements national crisis responses and will deploy rapid, large-scale and coordinated financial assistance from the International Financial Institutions to support lending to the real economy through private banking groups, in particular to small and medium-sized enterprises, according to a statement released by the World Bank on Friday.

The financial support will include equity and debt finance, credit lines, and political risk insurance, it added.

"This is a time for Europe to come together to ensure that the achievements of the last 20 years are not lost because of an economic crisis that is rapidly turning into a human crisis," said World Bank Group President Robert B. Zoellick.

"I welcome the close cooperation among the EBRD, the EIB and the World Bank Group, and am committed to making this partnership work as we move forward to address the risk of a crisis of the banking sector in Eastern Europe," he said.

Source: Xinhua




Copyright by People's Daily Online

Comments


No comments yet.

Please login to post your comment.












All trademarks and copyrights on this page are owned by their respective owners.
Stories, Arguments and Comments are owned by the Poster.
The Rest copyright © 2007 Argumentations.com. All rights reserved. Argumentations.com provides material for research or educational purposes only. We do not warrant the correctness of its contents. The risk from using it lies entirely with the user. While using this site, you agree to have read and accepted our Terms of Use and Privacy Policy. Argumentations.com is far from perfect so if you have any critiques, questions, comments or problems about this site please tell us. Click here to send your feedback. And if you like Argumentations.com please link to this site. It will really help a lot.
   

Tags

Economy,   Europe,   Finance,   Robert Zoellick,   World Bank,  

Related statements

No results

View other suggested stories

Date added 
2007-12-13Bilderberg 2007 - Towards a One World Empire?
2007-12-10Bilderberg 2007: Welcome to the Lunatic Fringe
2008-02-01Global Banking: The Bank for International Settlements
2008-02-04Globalization: Stiglitz's Case
2008-02-16The Eurodollar
2008-03-25Globalisation & War -- International congress of IPPNW
2008-03-29Why the US is collapsing
2008-04-01Miracle in the desert
2007-07-31The American Empire is Failing – A Good Thing for America and the World -- An Interview with Terry Paupp
2007-09-07Letter from Europe: Russia's demographic crisis
2006-09-29The international financial crisis - International Solutions - interview with hedge fund manager George Soros
2006-10-03Transcript of a Press Conference on the World Economic Outlook Report
2006-09-30A Short History of Neo-liberalism - Twenty Years of Elite Economics and Emerging Opportunities for Structural Change
2006-09-29China -- PART 2: Tequila trap beckons China
2006-10-24War in Sudan? Not Where the Oil Wealth Flows
2007-04-15Interview with Simeon Djankov, World Bank analyst
2007-06-02'High priests of globalization' in Istanbul
2007-06-12Globalizing Weakness: Is Global Poverty a Threat to the Interests of States?
2008-07-07Wrestling for influence
2008-09-13Western Migration to Eastern and Central Europe
2008-11-08Finance chiefs eye first steps in revamping global system
2008-11-12Bulgarian corruption troubling the European Union
2009-01-11Fare well, free trade
2009-01-28Confidence evaporates, currency row brews at Davos
2009-01-31The blame game starts at Davos -- Analysis
2009-05-092000 Bank For International Settlements Report
2009-06-10How the Chicago Boys Wrecked the Economy -- An Interview with Michael Hudson
2009-06-20The Secret Wars Of The Cia -- Part 2
2009-07-07President Barack Obama???s Moscow speech
2009-05-20The Toll Booth Economy -- The Latest in Junk Economics
2009-05-08The Trilateral Commission -- Membership 2008
2009-05-08A Leadership Review of the Barack Obama Administration
2009-05-09What Is The Bank For International Settlements?
2009-05-10Country Reports on Terrorism 2008 -- Chapter 2. Country Reports: Europe and Eurasia Overview
2009-05-10Country Reports on Terrorism 2008 -- Chapter 2. Country Reports: Western Hemisphere Overview
2009-05-10Country Reports on Terrorism 2008 --
2009-04-06Samuel Francis On Immigration And The Ruling Class
2009-04-01The Big Takeover
2009-02-28EBRD, EIB, World Bank join forces to support Eastern Europe
2009-03-15Flushing the Parasites -- Reforming the Global Financial System
2009-03-21The First-World Debt Crisis In Global Perspective
2009-03-23U.S. fights fire, Germans fear flood
2009-02-01Lessons from the global credit crisis for social democrats
2009-02-02Cities or countries?
2009-02-05Transforming the Global Economy: Solutions for a Sustainable World -- The Schumacher lecture
2009-02-05Predictable Poverty: The Inevitable Legacy of a Neo-Liberal Europe
2009-01-30The financial crisis and the future of financial regulation
2009-02-11The Making of a Mess -- Who Broke Global Finance, and Who Should Pay for It?
2009-02-12The Tumbrils Roll at Dawn
2009-02-16Walker's World: G7 rallies the ranks
2009-02-13Trying to Revive the Bubble Economy: Obama's Awful Financial Recovery Plan
2009-02-21BAILOUTS, STIMULUS PACKAGES OR REDISTRIBUTION OF ASSESTS? -- PART 1 of 2
2009-02-22The collapse of manufacturing
2009-01-15The people crunch -- Global migration and the downturn
2009-01-18Will There be a Recovery? -- Somber Thoughts for the New Year
2009-01-18Monetary union has left half of Europe trapped in depression
2008-12-27Opening Statement before the International Military Tribunal
2008-12-29The World Economic Crisis: A Marxist Analysis
2008-12-30Watching the Rouble Go Down -- Diary
2009-01-08Progress Against Poverty: Sustaining Mexico's Progresa-Oportunidades Program
2008-12-13Country for sale
2008-12-15New York Times Misleads on Taliban Role in Opium Trade
2008-11-11The Case for Restraint -- Foreign policy after George W. Bush
2008-11-14Towards a Grand Strategy for an Uncertain World -- Renewing Transatlantic Partnership
2008-11-08Momentum grows for global finance overhaul
2008-11-08G-20 Urges Stimulus to Ease Impact of Global Slump
2008-11-06Country Reports on Terrorism -- Chapter 2 -- Country Reports: East Asia and Pacific Overview
2008-11-07Country Reports on Terrorism -- Chapter 2 -- Country Reports: Europe and Eurasia Overview
2008-11-07The Long-term Implications of the Global Financial Crisis. New Vision Conference Session 5
2008-11-09Blueprint for Change -- Obama and Biden’s Plan for America
2008-11-10The Global Grand Bargain
2008-11-18Bankers Shake Down Congress and the G-20 -- "Our Trash for Your Cash"
2008-11-20Russia And The New World Order -- The Geopolitical Project Of Pax Eurasiatica
2008-11-17Hooray for the Global Crisis!
2008-11-17A World System in Collapse! -- Reply to Gen. Ivashov
2008-11-22Paulson's Cascade of Lies -- Locking in the Loot at the Reagan Library
2008-11-23The Politics of Money
2008-11-2321st Century Strategies For Sustainability
2008-11-23The American Mission?
2008-09-16The Wall Street crisis and the failure of American capitalism
2008-09-17Award winning economist says America has bankrupted itself with the Iraq war
2008-09-18US Genocide in Iraq
2008-09-02Can The War On Terror Be Won? -- How To Fight The Right War
2008-09-02The New Financial Heavyweights
2008-10-01Odious Rulers, Odious Debts
2008-08-25The changes in the fight against illegal immigration in the Euro-Mediterranean area and in Euro-Mediterranean relations
2008-08-25The Worldwide Threat 2004: Challenges in a Changing Global Context
2008-09-29The Roaring Nineties
2008-10-05The Echoes Of Crisis
2008-10-05Libor Mystifies Americans as Mayor Reads `Doomsday'
2008-10-06Blocked pipes
2008-10-11The current financial crisis is only the beginning
2008-10-12Brown sells British bank bailout plan to Eurozone countries
2008-10-12Operation Sarkozy : how the CIA placed one of its agents at the presidency of the French Republic
2008-10-24The Causes of Economic Growth
2008-10-24Don't Expand NATO: The Case Against Membership for Georgia and Ukraine
2008-10-24Russia and the World in the 21st Century
2008-10-26EU's enthusiasm for new global financial order
2008-11-01The End Of Arrogance -- America Loses Its Dominant Economic Role
2008-11-05Post cold war Indian foreign policy
2008-07-05Symposium: Israel's Test
2008-07-16Nations with vast oil wealth gaining clout
2008-07-16Kosovo, after donors’ conference ‘success’, asks to join IMF and World Bank
2008-07-24The U.S. Economy Is Socialism for the Rich
2008-07-28Rome Diary: Italy's Leap Into The Dark
2008-07-28The Proposed Iranian Oil Bourse
2008-07-30THE REAL VILLAIN IN THE HIGH COST OF OIL
2008-07-31Club Med -- The Mediterranean economy
2008-07-31The Med’s moment comes
2008-08-03Korea's No. 1 Money Manager Says Genghis Khan Model for Funds
2008-08-03Fresh WTO talks must wait until after US election: economists
2008-08-04Bad News Keeps Coming for the European Economy
2008-08-04Europe Grapples with Threat of Stagflation
2008-05-21The Real World: OPEC, Master of Universe
2008-05-22The Building BRICs of a New International System?
2008-05-17Planned US Israeli Attack on Iran: Will there be a War against Iran?
2008-05-31World Bank Chum into the Global Food Crisis Fray
2008-06-02Gas Transit and the Price of Imported Gas: Economic Justification
2008-06-11The History of the House of Rothschild
2008-06-20RBS issues global stock and credit crash alert
2008-06-18The Future of American Power -- How America Can Survive the Rise of the Rest
2008-06-19Turning the tide? -- Why development will not stop migration
2008-06-25The Jordanian Disengagement: Causes and Effects
2007-06-11Should We Globalize Labor Too?
2007-06-11Interview with french president Nicolas Sarkozy
2007-06-06Nato’s Islamists
2007-06-06Contours Of The Putin Era
2007-05-15Europe closes its doors to migrants
2007-05-18Europe diary: Brown and Brussels
2007-06-16African Gothic
2007-06-18Zoellick warns Venezuela is heading for trouble
2007-06-19Republican Thompson highlights serious Iran threat
2007-07-03Our Second Biggest Mistake in the Middle East
2007-07-09EU prepares for 'ideological' Ecofin meeting
2007-07-09Interview transcript: David Miliband
2007-07-09Her Jewish State
2007-07-08Bin Laden's Fatwa
2007-04-07Big risks to global economy 'receding'
2007-04-12The Eurabia Code
2007-04-12Former Soviet Dissident Warns For EU Dictatorship
2007-05-01The American Way of Empire
2007-05-02Country Reports on Terrorism -- Chapter 5 -- Terrorist Safe Havens (7120 Report)
2007-05-02Country Reports on Terrorism -- Chapter 6 -- Terrorist Organizations
2007-03-13The Demography of Europe
2007-03-28America Plundered by the Global Elite
2007-03-31The Second Lebanon War -- It probably won't be the last
2006-10-19Debt Jargon
2006-10-30Protectionist backlash 'will derail world economy'
2006-10-30IMF seeks talks to steer global soft landing
2006-10-10Russia Seeks Greater Economic Influence in Europe
2006-10-09The Anglo-American War of Terror: An Overview
2006-10-16View point: Money is as cheap as chips but day of reckoning nears
2006-09-20Turning grey
2006-09-21Third World Debt a Continuing Legacy of Colonialism
2006-09-23IMF'S FOUR STEPS TO DAMNATION
2006-08-23The Party of Davos
2006-08-24Foreign Affairs Magazine: The India Model
2006-08-24Beyond the Bush agenda
2006-11-01India's economy, now with muscle
2006-11-06Bonus Pay for Wall Street Big Five Surges to Record $36 Billion
2006-11-06Uranium, Energy Choice of Tudor, Adit, to Beat Oil, Metals
2006-11-07TURKEY AND THE AZERBAIJANI OIL CONTROVERSIES: LOOKING FOR A LIGHT AT THE END OF THE PIPELINE
2006-11-09Why Export Democracy?: The 'Hidden Grand Strategy' of American Foreign Policy'
2006-11-12Dollar Drops This Week as China Says It Will Diversify Reserves
2006-11-14The World Economy: A Millennial Perspective -- Introduction and Summary
2006-11-17Milton Friedman, 94, Free-Market Theorist, Dies