The value of counter-cyclical lending
- From: Vol 11, Issue 3 (March 2010)
- Category: General
- Region: Europe
- Country: Turkey
- Related Companies: EBRD and Veolia Voda
Despite the crisis, the EBRD committed more money to the water sector in 2009 than ever before. It also broadened its sphere of influence in anticipation of future investment needs in Turkey and Belarus’.
The European Bank for Reconstruction and Development committed a record €282.6 million of funding to the water sector in 2009, as its historical portfolio broke through the €1 billion barrier for the first time.
More than half the money pledged last year was in the form of equity, although the bank continued to extend loans to public and private ...
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