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European Bank For Reconstruction And Development

Volume 173: debated on Tuesday 22 May 1990

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To ask the Chancellor of the Exchequer if he will make a statement on the establishment of the European bank for reconstruction and development.

The Government warmly welcome the decision to establish the European bank for reconstruction and development in London. It is particularly welcome that London will be the centre of the international effort to help eastern European countries build on the reforms they have made and to assist them in their move to market economies. We shall be working closely with the president designate to ensure that the bank can begin its operations as soon as possible.