Feb 12 • 04:30 UTC 🇪🇸 Spain El País

President of the European Bank for Reconstruction and Development: “Investing in Africa is also a matter of regional stability”

The President of the European Bank for Reconstruction and Development emphasizes the importance of investing in Africa for regional stability through infrastructure and financial projects.

Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development (EBRD), outlines the institution's commitment to significant development projects in Sub-Saharan Africa, highlighting the importance of investments in countries such as Benin and Nigeria. The EBRD seeks to enhance local private sectors by financing essential infrastructure projects, such as expanding electricity networks in remote areas of Benin and facilitating access to financing in Nigeria. Additionally, the institution is involved in several initiatives aimed at improving regional stability through economic development.

Among the specific projects undertaken by the EBRD are efforts to establish a reliable electricity network in under-served regions of Benin and improve financial access for local entrepreneurs in Nigeria. These initiatives not only aim to bolster economic growth but also to address pressing issues such as unemployment and reintegration for veterans returning from the front lines, as seen in the EBRD's support for employment programs targeting traumatized Ukrainian veterans. The organization's work is regarded as vital for fostering stability in the region through sustainable economic growth and infrastructure development.

Renaud-Basso emphasizes that by prioritizing investment in clean energy and infrastructure, the EBRD can contribute to regional security and stability, as well as support the local populations in these countries. Her vision aligns with a broader push for enhanced cooperation and investment in Africa, which is necessary not just for economic benefits but also for maintaining stability amid ongoing global challenges.

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