Lemierre new EBRD chief

French Treasury Director Jean Lemierre, was elected as the new chief of the European Bank for Reconstruction and Development EBRD.

French Treasury Director Jean Lemierre, was elected as the new chief of the European Bank for Reconstruction and Development EBRD. Lemierre succeeds German Horst Köhler, who became head of the International Monetary Fund.

The EBRD is expected to start a serious review of its lending policies. The Bank has been urged by several countries to redeploy its resources to the stagnant parts of the former Soviet Union.

Subscribe to our newsletters

Subscribe