EU member states to kill plans for a new development bank

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By Jean Comte
02 Dec 2019

European finance ministers are not keen on setting up a new development bank from scratch. They will instead start technical work on how to better streamline the operations outside the EU of the European Investment Bank and the European Bank for Reconstruction and Development.

An expert group floated the idea of creating a new EU bank in October, after member states commissioned the group to find ways to enhance the European financial architecture for development. It was the second among three possible options, the two other ones being an enhanced ...

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