This realization has prompted the European Bank of Reconstruction and Development to find a new calling: crisis development. Created after the fall of the Berlin Wall to help Europe's ex-communist nations become market economies, the EBRD controversially moved on to Egypt, Jordan, Morocco and Tunisia after the Arab Spring. Last summer, as he watched TV coverage of refugees coming to Europe, the bank's president, Suma Chakrabarti, told me he saw "an opportunity to show we are relevant to crisis situations." Now Lebanon has applied for EBRD membership.
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