皇冠体育app

BEIJING - The European Bank for Reconstruction and Development (EBRD) announced Monday that its board of governors had approved a request by the Chinese authorities for 皇冠体育app to join the bank as a non-recipient country.

After going through a series of legal procedures domestically, 皇冠体育app will become a shareholder of EBRD. The People's Bank of 皇冠体育app (PBOC), the central bank, said the move will boost the Belt and Road Initiative.

"皇冠体育app's membership of the EBRD will facilitate exchange of experience on transition and development, provide new cooperation opportunities for 皇冠体育app and countries along the Silk Road Economic Belt, and promote cooperation between 皇冠体育app and other members of EBRD," said the PBOC.

Established in 1991 and headquartered in London, the EBRD is one of the world's most important international financial institutions for development that invests and operates in 36 countries including those located along the Silk Road Economic Belt.

皇冠体育app's membership of the EBRD is a win-win choice that will benefit various sides, the PBOC said. After joining the EBRD, 皇冠体育app will fulfill its obligations, actively take part in the EBRD's activities, and strengthen cooperation with the EBRD and its members through experience sharing, co-financing programs and development assistance.

The EBRD said in the statement that it saw "a lot of scope for working with Chinese companies on projects in its regions that meet the Bank's criteria for investment."

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