World Business and Economic Analysis
World Business and Economic Analysis
A prime objective for the EBRD is, as stated in its founding Agreement, "to mobilise domestic and foreign capital" in its countries of operations. To achieve this objective, Loan Syndications has chosen a flexible and market-oriented approach. Its goal is to broaden the EBRD's co-financing base by increasing the number of commercial lenders with which it works, by continuing to introduce new co-financing structures and methods, and by introducing new countries to the market. The critical factor in the success of these activities is the extent to which commercial sources of finance are willing to commit funds.
The economic prospect for the world in 2014 is best described as uneventful. It is a strange world we live in that this is the good news. After six years of turmoil marked by financial crises and long stretches of recession in several countries, it is indeed heartening that we are headed for uneventful times with a slow pick-up in global growth.
The world in 2013 grew by 2.4%. We are forecasting a growth of 3.2% in 2014. This is the point forecast. There is a lot that is happening around it, with some countries expected to make a strong recovery, some weak, and some actually slowing. And for each country there are bands of possibilities around their respective point forecasts.
