EBRD and Taiwan ECA join forces

(the Financial, Tbilisi, 19 March 2015) The European Bank for Reconstruction and Development (EBRD) and the Export-Import Bank of Taiwan (Eximbank) agreed on March 19 to boost their cooperation and co-finance projects in regions where the EBRD invests. According to the MoU, the two organisations will explore opportunities to work together in sectors such as power and renewable energy, natural resources, transport, infrastructure, telecommunications and information technology. Established in 1979 to facilitate Taiwanese export and import trade, Eximbank is a publicly-owned bank. The EBRD, an international financial institution owned by 64 countries, the European Union and the European Investment Bank, invests in more than 30 countries.