Mongolia's XacBank accepts traditional nomadic tents as pledges for loans to micro-business clients with little access to credit. An EBRD loan of $5 million signed with XacBank will increase finance to micro businesses.

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Th award-winning eco-Fridge, a refrigerated food transport system developed by Ukrainian and American scientists and backed by the EBRD, has caught the attention of major international food and trucking companies, including Nestlé Schöller and Sainsbury’s.

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Together with Chatham House, the Royal Institute for International Affairs, on 28 November, the EBRD organised a conference to mark its 15th anniversary. Entitled Transition: 15 years of building the future, the event featured panel discussions that examined the transition process. 

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Eight years after the ruble crisis sent shock waves across eastern Europe's financial sector, banks in the region are bigger, stronger, better regulated, more profitable and more competitive than ever, Chief Economist Erik Berglof writes in BusinessWeek.

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The new Transition report studies the financial sector in transition countries. It analyses how financial systems have been restructured, their impact on the economy and private sector development, and the introduction of new financial services.

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