Libya, Cyprus Eye EBRD Cash
Libya has become the fifth ‘transition’ Arab country to join The European Bank for Reconstruction and Development (EBRD). Crisis-hit Cyprus is also eying EBRD cash via a temporary facility.
The admission of Libya to the EBRD this week follows the European development bank’s expansion to other North African countries post-Arab Spring (MEES, 28 May 2012).
The EBRD board approved Libya’s membership on...