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Proposal for Establishment of External Representation Offices (EROs)
As a part of negotiating the General Capital Increase, the Bank made a commitment to examine the establishment of External Representation Offices (EROs). These EROs would enable the Bank to engage more actively with key stakeholders in non-regional member countries with a view to enhancing dialogue and promoting innovative approaches to mobilize necessary resources to support the mid-term Strategy and its development agenda. In this regard, Management had commissioned a Feasibility Study, which was completed in April 2011. The study was conducted by an external consultant with the support of a Bank-wide Task Force.