People walk past the new headquarters of the European Bank for Reconstruction and Development (EBRD) in Canary Wharf, London, Britain, September 14, 2023. REUTERS/Alishia Abodunde/File photo
Iraq has become the 74th member of the European Bank for Reconstruction and Development the multilateral lender said on Thursday, while Ghana and Senegal have also applied to join.
Iraq first submitted its request to join the bank in 2018, and its shareholder status enables it to apply to become a recipient economy, which would unlock EBRD finance and policy support.
“When the time comes, we are looking forward to starting work in Iraq, applying our expertise to developing its economy,” EBRD President Odile Renaud-Basso said in a statement, also telling Reuters that Ghana and Senegal had applied to join.
Reporting By Libby George; editing by Marc Jones
