{"id":459406,"date":"2018-04-16T23:27:38","date_gmt":"2018-04-16T22:27:38","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=459406"},"modified":"2018-04-16T23:27:38","modified_gmt":"2018-04-16T22:27:38","slug":"sub-saharan-africa-in-ebrd-expansion-plans","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/04\/16\/sub-saharan-africa-in-ebrd-expansion-plans\/","title":{"rendered":"Sub-Saharan Africa in EBRD expansion plans"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The European Bank for Reconstruction and Development (EBRD) announces its intention to deploy in sub-Saharan Africa, according to its president Suma Chakrabarti.<\/p>\n<p>Also, he added, the bank announces its willingness to lend 2.5 to 3 billion euros more than its average of 9.5 billion euros in recent years, without the need for more capital.<\/p>\n<p>The bank totals around \u20ac 7 billion of investments in the Middle East in North Africa since its beginnings in the area in 2012.<\/p>\n<p>&#8220;The bank could possibly invest an extra 500 million euros a year in its 37 countries of existing operations,&#8221; he added, adding up to 10 billion euros a year. This would leave a lot of leeway to extend &#8220;gradually&#8221; to sub-Saharan African countries engaged in market democracy, &#8220;said Suma Chakrabarti.<\/p>\n<p>On the continent, the European bank is present in Egypt, Morocco and Tunisia.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development (EBRD) announces its intention to deploy in sub-Saharan Africa, according to its president Suma Chakrabarti. Also, he added, the bank announces its willingness to lend 2.5 to 3 billion euros more than its average of 9.5 billion euros in recent years, without the need for more capital. The<\/p>\n","protected":false},"author":527297,"featured_media":459409,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000],"tags":[12322,14743,13530],"class_list":{"0":"post-459406","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-africa-en","9":"tag-ebrd","10":"tag-sub-saharan","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sub-Saharan Africa in EBRD expansion plans - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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