The Wild East


The European Bank for Reconstruction and Development (EBRD) was founded in 1991 as part of this effort. Funded by 60 nations, the European community and the European Investment Bank, its mandate is to support the transition to market economies throughout the former Soviet bloc. To get EBRD funding, projects have to meet commercial criteria of success, as well as assisting the transition to market economies.

Mike Williams is acting vice-president of risk management at the EBRD's London

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