Definitions for "European Bank for Reconstruction and Development"
The European Bank for Reconstruction and Development was established in 1991 to nurture a new private sector in the central and eastern European states emerging from a socialist past. The EBRD is the largest single investor in the region and 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.
1 of 4 major regional development banks currently operating in the global economy.
Established in 1991 to provide financial aid to Eastern European countries that adopted a democratic form of government and had drawn up a strategy for transforming themselves into market economies.