RSS feedEBRD
’Creaking supranationals
Before young whippersnappers like the EFSF waltzed in on the market for supranational financing, there were the multilateral development banks (MDBs).
You know the institutions we mean: the EIB, EBRD,
Managing CEE’s FX addiction
Here’s a great chart from Reuters showing just how addicted many countries in emerging Europe have become to borrowing in foreign currency for everything from second homes to TV sets :
As Reuters notes,
EBRD seeks 50% capital increase
The European Bank for Reconstruction and Development has appealed for a 50% capital increase to expand lending in central and eastern Europe. The multilateral bank, controlled by some 60 governments, including EU members,
Latvian banks face reserve shortfall
Here’s an interesting story from Reuters on Latvian banks (our emphasis):
LONDON, July 23 (Reuters) – Banks in Latvia have fallen short of the central bank’s reserve requirements since late June, with the daily shortfall hitting as much as 234 million lats ($473.2 million),