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The Diplomat

Ep.77 The President of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti.

World Ch. Schedule : MON 22:30 KST

Date : 2019-12-02

The President of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti.
This week on “The Diplomat,” we meet the President of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti.
The European Bank for Reconstruction and Development (EBRD) was established in 1991 to support the economic development of Eastern European and former Soviet countries. Its main tasks are to build infrastructure following economic reform in Eastern Europe, support safe development following the Chernobyl nuclear disaster, support SMEs and to respond to refugee issues.
The bank has been expanding its influence from Europe to also include Asia and Africa. Currently, 69 countries including Korea are members.
Korea has 1% capital share but is actively involved in various EBRD projects such as Turkey’s undersea tunnel construction, Kazakhstan’s Big Almaty Ring Road construction, Georgia’s Hydroelectric Power Plant construction etc. As such, President Chakrabarti has visited Korea five times in the seven years during his tenure and has formed an active partnership through efforts such as establishing a 1-person EBRD Business Development Consultant Office in Seoul and promoting joint knowledge sharing projects. We will take a look at President Chakrabarti’s views on Korea’s role in the world economy and the development of North Korea’s economy after denuclearization.
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