Greece Set To Get Green Light For EBRD Support
- by XpatAthens
- Friday, 06 March 2015
Greece is expected to get the green light early next week for what could add up to over a billion euros of funding support and investments from the European Bank for Reconstruction and Development, according to sources at the bank.
The former Greek government put in a request late last year to become an EBRD 'country of operation' and make it eligible for the development bank's support, but the process was put on hold during the uncertainty of the country's recent elections.
However this week's four-month Greek aid extension by the euro zone has put it back on track and EBRD sources said the bank's shareholders -- 64 countries plus the European Union and European Investment Bank -- were voting on the proposal on Friday.
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