European Bank for Reconstruction and Development
Financial institution which supports more than 30 countries
European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD; French: Banque européenne pour la reconstruction et le développement or BERD), is an international financial institution founded in 1991 in Paris. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc, it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. The EBRD is owned by 77 countries, the European Union and the European Investment Bank. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners. The EBRD is not to be confused with the European Investment...
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