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Office for the CEI Fund at the EBRD

In 1991, the two newly established organisations, the CEI (Hexagonal at the time) and the European Bank for Reconstruction and Development (EBRD), agreed to establish an operational link with each other, based on their complementary objectives and functions.

In 1992, Italy signed an Agreement with the EBRD on the establishment of a CEI Trust Fund to assist the Bank’s countries of operation in Central and Eastern Europe in their economic and social transformation process.
A Secretariat for CEI Projects (later renamed Office for the CEI Fund at the EBRD) was subsequently established by Italy at the EBRD the following year, based on the Agreement between the EBRD and the CEI with the purpose of carrying out activities of pre-investment capacity building for the identification, promotion and appraisal of projects in the CEI region, as well as activities related to project implementation.
The overall mission of the Office for the CEI Fund at the EBRD (operation both in Trieste and London) is to assist the CEI countries of operations in their efforts to move forward in their economic transition process through financial support leading to the sponsoring of specific project assignments and development programmes.
 
In Trieste, the Office is located at the CEI Headquarters, while in London, its desk is located within the Operational Policies Vice-Presidency of the EBRD (Official Co-financing Unit). As of May 2005, the Programme Manager of the Office is Mr. Guido Paolucci.