Nice to be here. Would you agree with me that your bank has moved an awful long way from those early days and from its original mission . No, i wouldnt. I would certainly agree with you that we have expanded our geographically, but the mission is the same. Private sector development, the creation of effective markets. Were still actually operating in oui were still actually operating in our traditional region. But because of the success of the Business Model, we decided we should expand to turkey, central asia and north africa, as you said. It is a sign of success, not mission creep. The problem with that is that from the beginning, you were a Financial Institution underpinned by a clear statement of values. In the places youve just outlined where you operate today, those values do not seem to be applied in the same way. Sometimes there are values, such as political, democratic, values, pluralism, like stated. They are certainly applied inconsistently in some places. But we are very op
Nice to be here. Would you agree with me that your bank has moved an awful long way from those early days and from its original mission . No, i wouldnt. I would certainly agree with you that we have expanded our geographically, but the mission is the same. Private sector development, the creation of effective markets. Were still actually operating in oui were still actually operating in our traditional region. But because of the success of the Business Model, we decided we should expand to turkey, central asia and north africa, as you said. It is a sign of success, not mission creep. The problem with that is that from the beginning, you were a Financial Institution underpinned by a clear statement of values. In the places youve just outlined where you operate today, those values do not seem to be applied in the same way. Sometimes there are values, such as political, democratic, values, pluralism, like stated. They are certainly applied inconsistently in some places. But we are very op
Nice to be here. Would you agree with me that your bank has moved an awful long way from those early days and from its original mission . No, i wouldnt. I would certainly agree with you that we have expanded our geographically, but the mission is the same. Private sector development, the creation of effective markets. Were still actually operating in oui were still actually operating in our traditional region. But because of the success of the Business Model, we decided we should expand to turkey, central asia and north africa, as you said. It is a sign of success, not mission creep. The problem with that is that from the beginning, you were a Financial Institution underpinned by a clear statement of values. In the places youve just outlined where you operate today, those values do not seem to be applied in the same way. Sometimes there are values, such as political, democratic, values, pluralism, like stated. They are certainly applied inconsistently in some places. But we are very op
Im stephen sackur. Remember the tumultuous events in the early 1990s in Eastern Europe . From the wreckage of the Soviet Empire, a new, freer more prosperous region emerged anchored in the eu and nato. The European Bank of reconstruction and development was created to foster that transformation. My guest today is Bank President , sir suma chakrabarti. These days, many of his investment projects are actually in turkey, central asia and north africa. Has Mission Creep undermined the values of the ebrd . Suma chakra barti, welcome to hardtalk. Nice to be here. Would you agree with me that your bank has moved an awful long way from those early days and from its original mission . No, i wouldnt. I would certainly agree with you that we have expanded our geography, but i would say the mission is the same. Private sector development, the creation of affective markets, were still actually operating in our traditional region but because of the success of that Business Model, our shareholders di
Im stephen sackur. Remember the tumultuous events in the early 1990s in Eastern Europe . From the wreckage of the Soviet Empire, a new, freer more prosperous region emerged anchored in the eu and nato. The European Bank of reconstruction and development was created to foster that transformation. My guest today is Bank President , sir suma chakrabarti. These days, many of his investment projects are actually in turkey, central asia and north africa. Has Mission Creep undermined the values of the ebrd . Suma chakra barti, welcome to hardtalk. Nice to be here. Would you agree with me that your bank has moved an awful long way from those early days and from its original mission . No, i wouldnt. I would certainly agree with you that we have expanded our geography, but i would say the mission is the same. Private sector development, the creation of affective markets, were still actually operating in our traditional region but because of the success of that Business Model, our shareholders di