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Following the approval of full membership,
The Bank is rapidly approaching an important decision about its future strategic direction, U.S. Treasury under-secretary for international affairs, David McCormick told on Sunday a meeting of EBRD governors.
"We will work with other shareholders to give EBRD plans to gradually shift its investment from Central Europe and give priority to investments in The Bank is also thought to assist The Bank, within the framework of strategy for priority to The possible inclusion of By 2010, the institution was also expected to depart NEW PRESIDENT The Board of Governors of the EBRD named Thomas Mirow of Mirow, 55, will take charge on July 3 amid a period of rapid change for the bank, which was created in 1991 to encourage former Soviet states to adopt market economies but is venturing further east and southeast. Paris-born Mirow, who has German nationality, will succeed Frenchman Jean Lemierre, who will step down after eight years in charge of the bank. The bank has pledged in "The EBRD has achieved a great deal in its 17 years," said Peter Reith, EBRD director for "The transformation of central and eastern Europe is in part a testimony to efforts made by the bank to assist willing governments and businesses to create new opportunities and better institutions,” he said. The EBRDs shareholders currently comprise 61 national governments, as well as the European Community and European Investment Bank.