Latest news with #OdileRenaud-Basso
Bloomberg
16-07-2025
- Business
- Bloomberg
Russian Attacks on Ukraine 'Intensifying': EBRD
The President of the European Bank for Reconstruction and Development, Odile Renaud-Basso, says Russian attacks on Ukraine are intensifying and the rebuilding of damaged infrastructure should not be delayed. The EBRD has committed another €400 million of new funding for Ukraine, raising its total support since Russia's invasion to more than €7.6 billion. Renaud-Basso joined Francine Lacqua on 'Bloomberg: The Pulse'. (Source: Bloomberg)
Barnama
13-06-2025
- Business
- Barnama
EXIM Bank Malaysia Strengthens Strategic Ties at Uzbekistan's Foreign Investors Council
TASHKENT, UZBEKISTAN, June 13 (Bernama) -- The Export-Import Bank of Malaysia Berhad (EXIM Bank) has reinforced its commitment to expanding Malaysia's global trade presence by participating in the Third Plenary Session of the Foreign Investors Council (FIC) in Tashkent. The high-level forum, held on 11June 2025, was co-chaired by His Excellency Shavkat Mirziyoyev, President of the Republic of Uzbekistan, and Her Excellency Odile Renaud-Basso, President of the European Bank for Reconstruction and Development. The session convened global leaders to explore reforms and opportunities under Uzbekistan's Vision 2030 economic roadmap. EXIM Bank's participation is aligned with Malaysia's National Investment Policy 2030 (NIMP2030), which aims to expand investment beyond traditional markets and support the globalisation of Malaysian small and medium enterprises. As part of its mandate to promote exports, EXIM Bank is focusing on strengthening ties with Central Asia through strategic engagements that benefit both Malaysian businesses and regional partners. This includes exploring structured financing solutions for key partners in Uzbekistan, most notably a proposed collaboration with Joint-Stock Commercial Bank Hamkorbank, Uzbekistan, aimed at supporting Malaysian companies operating in Uzbekistan and Uzbek importers of Malaysian goods.
TimesLIVE
16-05-2025
- Business
- TimesLIVE
European bank green-lights three new African members for investment
The European Bank for Reconstruction and Development (EBRD) has cleared new member states Nigeria, Ivory Coast and Benin for investments following approval by the development finance institution's board, it said on Thursday. The move will give the countries access to millions of euros in potential investments from EBRD, cementing an expansion into sub-Saharan Africa by the lender that has been in the works for years. "The EBRD will leverage its financial resources and expertise to boost the countries' economies and provide new opportunities to their people, complementing the work of existing development partners," EBRD president Odile Renaud-Basso said in a statement. At its annual meeting on Thursday, the EBRD board formally voted to approve recipient country status for the three West African nations. Investments will begin shortly after an amendment to the EBRD's founding treaty comes into force in July, the bank said.
Reuters
15-05-2025
- Business
- Reuters
EBRD greenlights new African members for investment
LONDON, May 15 (Reuters) - The European Bank for Reconstruction and Development (EBRD) has cleared new member states Nigeria, Ivory Coast and Benin for investments following approval by the development finance institution's board, it said on Thursday. The move will give the countries access to millions of euros in potential investments from EBRD, cementing an expansion into Sub-Saharan Africa by the lender that has been in the works for years. "The EBRD will leverage its financial resources and expertise to boost the countries' economies and provide new opportunities to their people, complementing the work of existing development partners," EBRD President Odile Renaud-Basso said in a statement. At its annual meeting on Thursday, the EBRD board formally voted to approve recipient country status for the three West African nations. Investments will begin shortly after an amendment to the EBRD's founding treaty comes into force in July, the bank said. Kenya, Ghana and Senegal are also being considered for membership but still must meet some pre-membership requirements before the process is fully concluded. The bank was formed in 1991 to help rebuild Eastern Europe in the wake of the Cold War and has since expanded into the Middle East, North Africa and Mongolia. It has invested more than 200 billion euros ($223.72 billion) since its creation and supports policy reforms to develop the private sector. It partners with the private sector to enable investments in natural resources, financial institutions, agriculture and infrastructure. Renaud-Basso said the bank will focus on supporting the green transition, strengthening economic governance and promoting human resilience, including equal opportunity. ($1 = 0.8940 euros)
Bloomberg
12-05-2025
- Business
- Bloomberg
China, US Step Back from Decoupling Brink, Slash Tariffs
US and China will temporarily lower tariffs on each other's products in a dramatic ratcheting down of trade tensions that buys the world's two largest economies three months to work toward a broader agreement. The combined 145% US levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14, while the 125% Chinese duties on US goods will drop to 10%, according to a joint statement and from officials in a briefing Monday in Geneva. Today's guests: Wei Li, BlackRock Global Chief Investment Strategist, Odile Renaud-Basso, EBRD President, Kyriakos Pierrakakis, Greek Finance Minister. (Source: Bloomberg)
