European
Bank for Reconstruction and Development Company Information
( EBRD )
About
The European Bank for Reconstruction and Development Company
( EBRD )
The
European Bank for Reconstruction and Development was established
in 1991 when communism was crumbling in central and eastern Europe
and ex-soviet countries needed support to nurture a new private
sector in a democratic environment. Today the EBRD uses the tools
of investment to help build market economies and democracies in
27 countries from central Europe to central Asia.
The
EBRD is the largest single investor in the region and mobilises
significant foreign direct investment beyond its own financing.
It is owned by 60 countries and two intergovernmental institutions.
But despite its public sector shareholders, it invests mainly in
private enterprises, usually together with commercial partners.
It
provides project financing for banks, industries and businesses,
both new ventures and investments in existing companies. It also
works with publicly owned companies, to support privatisation, restructuring
state-owned firms and improvement of municipal services. The Bank
uses its close relationship with governments in the region to promote
policies that will bolster the business environment.
The
mandate of the EBRD stipulates that it must only work in countries
that are committed to democratic principles. Respect for the environment
is part of the strong corporate governance attached to all EBRD
investments.
Every EBRD investment must
- Help
move a country closer to a full market economy: the transition
impact
- Take
risk that supports private investors and does not crowd them out
- Apply
sound banking principles
Through its investments, the EBRD promotes
- Structural
and sectoral reforms
- Competition,
privatisation and entrepreneurship
- Stronger
financial institutions and legal systems
- Infrastructure
development needed to support the private sector
- Adoption
of strong corporate governance, including environmental sensitivity
Functioning as a catalyst of change, the EBRD
- Promotes
co-financing and foreign direct investment
- Mobilises
domestic capital
- Provides
technical assistance
EBRD
One Exchange Square
London
EC2A 2JN
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