EBRD president set to visit Taipei next week

Suma Chakrabarti, who assumed the top EBRD position last July, is scheduled to arrive Taipei Feb. 28, Kelly Hsieh (謝武樵), director-general of MOFA's Department of International Organizations, said at a regular MOFA briefing yesterday.

During his visit that will conclude March 2, Chakrabarti is scheduled to meet with Minister of Foreign Affairs David Lin, central bank Deputy Governor Yang Chin-lung (楊金龍) and high-ranking government officials.

Chakrabarti will be joining an EBRD business opportunities briefing to be held in Taipei on March 1, organized by the Taiwan External Trade Development Council to promote closer cooperation with his bank and local businesses, Hsieh added.

The EBRD chief will also visit the Taipei Metropolitan Rapid Transit System, he added.

Chakrabarti's visit shows that he values the potential of Taiwanese companies, according to Hsieh.

Taiwan has been cooperating with the EBRD since the bank was established in 1991, contributing to the EBRD Balkan Region Special Fund, the Mongolia Cooperation Fund, the Early Transition Countries Fund and the Sustainable Energy Initiative.

Taiwan signed a memorandum of understanding with EBRD in April 2011 to put up capital of US$80 million over 10 years for its Green Energy Special Fund.

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