The European Investment Bank and European Bank for Reconstruction and Development should cooperate

The cooperation of these two agencies is needed in the South Caucasus, Russia and Eastern Europe

The European Parliament has called for increased cooperation between the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), which fund operations in the same geographical areas, including Eastern Europe, Russia, the South Caucasus, as well as the Western Balkans and soon Turkey.
In a report on the activities of the two financial institutions, the Parliament stresses their actions should be complementary, depending on the comparative advantage of each bank. MEPs recommend an improved functional division of labour so that each organisation could “focus on their respective skills and strengths.” The report also suggests that EIB specialises in the financing of larger scale projects, whilst the EBRD focuses on smaller-scale investments.

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