Statement by the Temporary Alternate Governor for the United States of America Alexia Latortue on the European Bank for Reconstruction and Development Annual Meetings

On behalf of U.S. Treasury Secretary Janet Yellen, I would like to thank the Government and people of Armenia for generously hosting the 2024 EBRD Annual Meetings of the Board of Governors. President Odile Renaud-Basso has steered the EBRD successfully over the past year through successful capital increase negotiations—on the heels of the Bank’s first-mover, quick and effective support to Ukraine—and the historic resolution on the Bank’s incremental expansion to sub-Saharan Africa and Iraq.This past year is emblematic of President Renaud-Basso’s leadership, resolve and consensus building throughout her first term. The United States is proud to support her reelection as President of the EBRD for the next four years.