EU report to lay out options for development financing overhaul: sources

The sources said that all three options laid out in the report had benefits but also challenges

A European Union review of how to deploy the bloc's international lending firepower will be delivered to finance ministers next week, sources have told Reuters, with three options for a major overhaul of its current set-up.

The report by a "wise persons" group led by former senior EU official Thomas Wieser proposes ways to build a more effective EU development bank that also cuts the current overlap between the European Investment Bank in Luxembourg and London-based European Bank for Reconstruction and Development.

Options put forward include making the EBRD the EU's external development bank focused primarily on Africa, and the EIB its