11-05-2016 19:49 via uk.news.yahoo.com

UK's Chakrabarti wins second term as head of EBRD development bank

By Marc Jones LONDON (Reuters) - Britain's Suma Chakrabarti won a second four-year term as head of the European Bank for Reconstruction and Development (EBRD) on Wednesday, easily defeating a challenge from Poland's central bank governor and former prime minister Marek Belka. Chakrabarti, who won some 90 percent of shareholders' votes at the annual EBRD meeting in London, said the bank must maintain its presence in Russia, where it suspended new lending after the West imposed sanctions over the
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