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...Since 2022, the European Bank for Reconstruction and Development has lent $890mn to Ukraine’s producers of eggs, poultry and sugar, which will soon face quotas to protect EU jobs, the bank told the Financial...
...The talks follow a similar deal last year, when the AIIB agreed to issue $1bn in credit guarantees against sovereign-backed loans made by the International Bank for Reconstruction and Development, the World...
...The IAEA push to change the lending practices of development banks follows a successful campaign by big EU nuclear producers such as France to persuade the European Investment Bank to open the door to funding...
...European Bank for Reconstruction and Development shareholders have agreed a €4bn capital increase that will allow it to double lending to Ukraine, boosting the war-torn country’s economic revival plans....
...In the early stages of post-conflict reconstruction, enormous sums of money flood in from international development agencies, the private sector, diasporas and non-traditional funders....
...But in one European country, shares have been flying off the shelves. Greece’s bank bailout fund last month sold 27 per cent of Piraeus Bank for €1.35bn....
...These efforts, combined with International Bank for Reconstruction and Development’s recent release of sovereign default and recovery rate statistics, means that the World Bank Group will continue to support...
...Its issuance of about $30bn in bonds since then compares with many tens of billions more sold by the International Bank for Reconstruction and Development, the World Bank’s lending arm for middle-income...
...to seize Russian (and potentially Belarusian) state assets and transfer them to Ukraine for reconstruction purposes....
...With the US proposal added to the mix, a possible compromise would be to use part of the profits for weapons purchases and reconstruction, and part of it to back debt....
...Christine Lagarde, president of the European Central Bank, has poured cold water on US-backed proposals to use more than €260bn of frozen Russian assets to finance Ukraine’s war effort, warning they risked...
...The World Bank’s fund for the planet’s poorest nations is seeking a record financing haul to tackle mounting debt and climate crises....
...The burden of reconstruction in Ukraine should not fall solely on the taxpayers of the free world, but on the aggressor who is responsible for the destruction. Ukraine must also be rebuilt....
...Ermotti’s total pay also dwarfs the awards of chief executives at other major European banks, including Christian Sewing of Deutsche Bank, who was paid €8.9mn last year, and Andrea Orcel of UniCredit, whose...
...Commission president Ursula von der Leyen has called for the funds to be used for military support, rather than postwar reconstruction as had been originally envisaged — a contentious approach for some capitals...
...Ukraine has got off to a good start, supported by western governments, development banks and international and local NGOs....
...Investor hopes for a round of cost-cutting consolidation among beleaguered European banks have been repeatedly dashed. There is no reason to think that Deutsche is going to change that now....
...London’s FTSE 100 led equity markets higher in Europe, buoyed by strong gains for supermarkets and index heavyweights in the banking sector....
...A stronger than forecast US inflation figure caused a stir as European Central Bank rate-setters sat down for dinner in Frankfurt on Wednesday — but several attendees said it only toughened their resolve...
...EU member countries have backed a plan to set aside billions of euros of profits arising from the freezing of assets of Russia’s central bank in a first step towards their possible use for Ukraine’s reconstruction...
...You recently reported on how the new president of the European Investment Bank had signalled an openness to invest more in defence, and that some EU states had proposed that the EIB should finance weapons...
...Inflation in the eurozone’s two largest economies has fallen to its lowest level since mid-2021, but services prices remain stubbornly strong, presenting the European Central Bank with a conundrum over when...
...The Paris-based lender reported net profits of €3.1bn for the quarter, down 30 per cent from a year earlier, when it booked a €3bn capital gain on its sale of California-based Bank of the West....
...The bank earmarked €439mn for bad loans in the quarter, a decrease from the €488mn it provisioned in the final quarter of last year....
...The Bank of Japan, the European Central Bank and Bank of Canada meet to set rates this week, but are unlikely to change course — ECB president Christine Lagarde suggested at Davos last week that the first...
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