Description
Book SynopsisThe second volume of the history of the European Bank for Reconstruction and Development (EBRD) takes up the story of how the Bank has become an indispensable part of the international financial architecture. It tracks the rollercoaster ride during this period, including the Bank’s crucial coordinating role in response to global and regional crises, the calls for its presence as an investor in Turkey, the Middle East and North Africa and later Greece and Cyprus, as well as the consequences of conflicts within its original region. It shows how in face of the growing threat of global warming the EBRD, working mainly with the private sector, developed a sustainable energy business model to tackle climate change.
Transforming Markets also examines how the EBRD broadened its investment criteria, arguing that transition towards sustainable economies requires market qualities that are not only competitive and integrated but which are also resilient, well-governed, green and more inclusive. This approach aligned with the 2015 Paris Agreement and the international community’s 2030 Agenda for Sustainable Development, with its core set of 17 sustainable development goals. The story of the EBRD’s own transition and rich history provides a route map for building the sustainable markets necessary for future growth and prosperity.
Table of ContentsList of Abbreviations
Acknowledgments
Foreword by Odile Renaud-Basso, President of the EBRD
Preface
PART I An Evolving Landscape
Chapter 1 Pivot to Turkey
Chapter 2 Markets in Crisis
Chapter 3 Arab Spring
Chapter 4 Operations in Greece and Cyprus
Chapter 5 Geopolitical Tensions
PART II Towards Sustainable Market Economies
Chapter 6 Rethinking Transition
Chapter 7 Equality of Opportunity
Chapter 8 Supporting Resilience and Good Governance
Chapter 9 A Better Climate
PART III The Role of the EBRD
Chapter 10 The EBRD after 30 Years
Photos
Index
