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
Can the other g7 leaders keep the us president On Side Over Trade and Climate Change . Plus from Rags To Riches. Its the Global Capital of cast off clothing but is indias Textile Recycling Trade now under threat . Welcome to World Business report. Im ben bland. Also coming up canadas Trade Minister raises his concerns about washingtons trade policy. We start in southern italy, in the Sicilian Resort of taormina where as youve been hearing, the g7 group of top industrialised nations is starting a two day summit. Itll be the first one attended by President Trump. Hes not the only newcomer of course frances president macron will be among those making a debut as well as british Prime Minister theresa may and the host, italian Prime Minister paolo gentiloni. Lets just remind ourselves how important this group is and whats on their agenda. The seven countries account for getting on for half of the worlds wealth over 46 . But many of them are struggling with comparatively stagnant economies.
On the last few days. The ftse just starting up a little bit. Well take a look at what this means for prices at the pump. And following the vice like grip of the handshake between president s trump and macron, were getting to grips with the perfect greeting and asking how important is the handshake . Hello and welcome to Business Live. Yesterday it was nato, today its the g7. A different place, sicily this time, a different combination of world leaders, a different agenda. Lets take a look at why its important. These seven countries account for getting on for half of the worlds wealth about 46 . But many of them are struggling with comparatively stagnant economies. The International Monetary fund is forecasting the worlds economy will grow by 3. 5 this year, butjust1. 9 in the g7. Also high on the list of worries the rise of Trade Protectionism after President Trump came to power promising to put america first. The other g7 members will be pushing him to soften this position. Then ther