Mubasher: The European Bank for Reconstruction and Development (EBRD) is looking to boost its cooperation with China and the European Union (EU) in an effort to deliver increased levels of high-quality investment in Central Asia.

At the Central Asia Investment Forum sponsored by the EBRD and the People’s Bank of China (PBOC), the lender’s president Suma Chakrabarti, the European Commissioner for international cooperation and development Neven Mimica and PBOC deputy governor Chen Yulu agreed to join forces to increase the quantity and the quality of investments in Central Asia, in alignment with priorities of the involved countries.

During the forum held in Beijing, the three parties emphasised the need for sustainable investment with market-oriented partners

 They would help create an environment conducive for such financing by addressing risks, building institution and client capacities, among other things.

During the meeting, the parties also stressed the importance of connectivity in attaining the 2030 Sustainable Development Goals and in building partnerships in adherence with international common rules and principles.

“Together we can make a real difference in the delivery of sustainable, rules-based projects that can help forge robust commercial links across Central Asia and right through to Europe,” Chakrabarti said.