It would be useful to set guidelines for the dates by which the Bank would phase out and cease operating in certain countries - but these guidelines should leave room for some flexibility, particularly in fields of operation in which the EBRD has special technical expertise.
*** In conclusion, let me say that the remarkable success of the EBRD in fostering transition in the region deserves the appreciation of all its shareholders. I wish the Bank continuing success. Thank you, Mr. Chairman. 2  BIS Review 38/2005