LONDON, May 19, 2012 (AFP) - The European Bank for Reconstruction and Development announced Saturday that it had approved an investment of 1.0 billion euros ($1.28 billion) for expansion into North Africa and the Middle East.
After years of investing in mainly private-sector enterprises across mostly ex-communist nations in Europe and central Asia, the EBRD has set its sights on Egypt, Morocco, Tunisia and Jordan following the Arab Spring uprisings.
bcp/boc
