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Wednesday, April 30, 2025 5:10 GMT
The European Bank for Reconstruction and Development (EBRD) has amended its statutes, enabling it to expand operations into sub-Saharan Africa and Iraq. According to a statement from the bank, this pivotal change redefines the Bank's geographic remit and follows approval by its Board of Governors in 2023. The amendment will formally take effect in three months. The move sets the stage for Iraq to become a full country of operation, alongside several sub-Saharan nations. Iraq, along with...More