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EBRD's shareholder representatives visit Poland
Meet new government and business leaders
Representatives of the shareholders of the European Bank for Reconstruction and Development arrive in Poland for a four-day visit, the first by the EBRD's Board of Directors to the country since 1999.
The Delegation will meet with senior government ministers, including Deputy Prime Minister Marek Belka, mayors of Krakow, Gdansk, Gdynia and Sopot, municipal officials as well as chief executives of companies in Poland. During their visit, the directors will review a number of sectors in the Polish economy, including municipal and environmental infrastructure; power; property; private equity; insurance and banking; steel; shipping; and agribusiness. They will also visit existing and potential projects.
The EBRD is a major investor in Poland with cumulative commitments of €2.4 billion. The Bank has in total mobilised €10.4 billion in foreign direct investment.
The Board of Directors represents the EBRD's 62 shareholders - 60 countries plus the European Community and the European Investment Bank. The Board approves all EBRD investments. Their visit aims to underline the EBRD's commitment to support investments in Poland, as well as to help Directors better understand the country's investment climate and reform efforts.
Ahead of the visit, Norbert Radermacher, EBRD Board Director for Germany and spokesperson for the Delegation said the aim of the trip would be to get an overview of the economic and political progress being made in Poland, and to meet representatives of the new government to discuss their objectives.
In early 2002 the EBRD's Board of Directors is expected to review the Bank's updated strategy for Poland. This visit will enable the directors to formulate an overview of Poland's progress ahead of the forthcoming strategy discussions.
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