Set up in 1991 to help former Soviet states transition to free-market capitalism, the EBRD now operates in more than 30 countries from north Africa to central and eastern Asia. The new expansion plan would promote moving deeper into Africa and into more countries in the north of the continent, such as Algeria, or in the Middle East. That could lead to more phased approach, where it first increases lending in existing countries from the start of next year. Then it would carry out feasibility work regarding Algeria, Libya and then sub-Saharan Africa. New EBRD economic forecasts will also be published and are expected to see another overall upgrade thanks to faster global growth.

Source: The North Africa Journal May 08, 2018 13:41 UTC