EBRD committed to support regional insurance sector during crisis

The last two decades have seen massive growth in the financial services sector of Central and Eastern Europe (CEE) and the former Soviet Union. This trend is regarded as vital for theprocess of structural transition from state dominated to private sector economies. Here, WIR correspondent, Peter Falush, looks at the role of the European Bank for Reconstruction & Development in helping the region’s insurance sector negotiate the challenges thrown up by the current financial crisis

The European Bank for Reconstruction & Development (EBRD), the international development bank, owned by 61 governments, the EIB and the European Commission, is a key investor in the CEE financial services industry.