Categories: U.S. Treasury

Statement from Assistant Secretary for International Trade and Development Alexia Latortue on European Bank for Reconstruction and Development’s Capital Increase

WASHINGTON – The United States welcomes the European Bank for Reconstruction and Development’s (EBRD) approval of a €4 billion capital increase. This capital increase will allow EBRD to continue supporting critical resilience, recovery, and reconstruction in Ukraine, in the most fair, burden-sharing way. The new capital will enable EBRD to increase its support to Ukraine’s private sector, strengthen energy and food security for Ukrainians, and maintain vital infrastructure. The United States is proud to join other EBRD shareholders in approving a financial and policy package that will deepen the Bank’s support for all its recipient countries – including in the Middle East and North Africa, Central Asia and the Caucasus, and the Balkans—to transition to a market economy and positions the EBRD to address global and regional challenges more effectively. The United States is the EBRD’s largest shareholder and we believe its strong private sector mandate, coupled with robust policy engagement, are building stronger partner economies that benefit American consumers and increase America’s security. 

###

IR Press

Share
Published by
IR Press

Recent Posts

Treasury Issues Final Rule Expanding CFIUS Coverage of Real Estate Transactions Around More Than 60 Military Installations

WASHINGTON – Today, the U.S. Department of the Treasury (Treasury), as Chair of the Committee…

5 days ago

U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital

WASHINGTON—Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and…

5 days ago

Report on U.S. Portfolio Holdings of Foreign Securities at Year-End 2023

Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities…

6 days ago

READOUT: U.S. Department of the Treasury Hosts Roundtable Discussion on the Financial Sector’s Response to Recent Hurricanes

WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with…

6 days ago

READOUT: Sixth Meeting of the Financial Working Group Between the United States and the People’s Republic of China

WASHINGTON – The United States and the People’s Republic of China held the sixth meeting…

6 days ago

Treasury Sanctions Key Members of La Linea, a Group Involved in Trafficking Fentanyl into the United States

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

6 days ago