The European Bank for Reconstruction and Development (EBRD) was established in 1991 as a multilateral financial institution to facilitate Europe’s transition to a market economy. The EBRD is dedicated to promoting the development of market economies and entrepreneurial initiatives in the countries of Central and Eastern Europe as well as the countries of the former Soviet Union.
In the first five years of its existence, the EBRD provided approximately €20 billion in financing for projects and technical assistance. This was done through a combination of public and private sector financing, including capital market instruments, equities, and loans.
In the past 25 years, the EBRD has grown and evolved to become a major international development institution. By providing financing and advice, the EBRD has helped to create vibrant and sustainable private economies in around 30 economies in Europe and Central Asia.
The EBRDs main mission is to promote economic development, reduce poverty and improve the lives of citizens in the region. The EBRD works closely with partner governments to develop and implement effective policies and institutions, and to attract foreign investment. The Bank also provides technical assistance to help companies create jobs and grow exports.
The EBRD also provides financing for projects that support development in the private and financial sectors, increase the availability of reliable energy supplies, improve infrastructure and services, strengthen the resilience of local economies to external shocks, and create new business opportunities.
The Bank enhances transparency and the rule of law, improves corporate governance and strengthens local financial systems. It encourages respect for the environment, and helps to build the capacity of companies and public institutions.
The EBRD also works to combat corruption and promote the principles of good governance. It works with partners to design, implement and monitor effective anti-corruption and transparency policies.
The EBRD is a major contributor to the development of the private sector in the region. It has provided nearly €20 billion to support privatisation and other activities associated with restructuring state-owned enterprises. The EBRD’s support has helped to create a vibrant and sustainable private sector in the region.
The EBRD has also made progress in improving living standards, expanding access to finance and legal services, and developing strong financial sectors in the countries of Central and Eastern Europe.
The EBRD is also playing a significant role in tackling climate change in the countries of Central and Eastern Europe. The Bank has invested more than €5 billion in green energy projects, which are expected to reduce carbon dioxide emissions by more than 19 million tonnes by 2020.
The EBRD has supported the development of a strong private sector in the region and has made a significant contribution to promoting economic development, reducing poverty and improving living standards. The Bank has helped to create vibrant and sustainable private economies in the countries of Central and Eastern Europe, and is committed to promoting responsible and sustainable economic development in the region.
