European Bank for Reconstruction and Development

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European Bank for Reconstruction and Development

(EBRD), international financial institution that invests primarily in the private sector to promote entrepreneurship and foster the development of democratic market economies, est. 1991. Originally focused on the former Communist nations of Eastern Europe and the Soviet Union, the EBRD began investing in Mongolia in 2006 and Turkey in 2009, and has since expanded its focus to include E and S Mediterranean nations. It focuses primarily on new and existing economically viable private companies whose financing needs are not meet by the market; it also works with government-owned companies to foster privatization and restructing and to improve municipal services. More than 60 nations, roughly half of whom receive investments, and the European UnionEuropean Union
(EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community (EC), an economic and political confederation of European nations, and other organizations (with the same member nations)
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 and European Investment BankEuropean Investment Bank,
nonprofit bank created in 1958 by the six founding countries of the European Economic Community (now part of the European Union [EU]). The bank makes or guarantees loans to EU members, principally for projects that will contribute to regional
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 are shareholders in the EBRD.
References in periodicals archive ?
The EBRD investment is in line with the Bank's strategy of supporting sound private initiatives in Turkmenistan that have good growth prospects.
The GCF support for EBRD Green Cities will focus on promoting climate action in cities through the mitigation of greenhouse gases and adaptation to increasing climate risks, in line with the GCFs objectives.
President Chakrabarti also assessed that the annual EBRD meeting is an important event for BiH but also for the region in general, noting that is a unique opportunity to promote the city and the country as a business environment.
EBRD provided credit lines for more than $190 million to finance projects aimed to support entrepreneurship.
EBRD also provided Qatar National Bank (QNB) with a loan worth $20m to support women in the field of small projects.
'This is a very important step for the Bank, for the countries where the EBRD invests and also for China.
The EBRD delegation discussed issues such as support for small and medium business financing needs in local currency and capital market development, support for public services, in particular, water supply.
The EBRD explains the downgrade with the political instability and the banking sector turmoil in the country.
The EBRD's activities in Cyprus, a founding EBRD shareholder, will be conducted in the context of an action plan being implemented by the European Commission, the European Central Bank and International Monetary Fund (the "Troika").
approximately EUR 90mln by late 2013, which is as much as in 2012, Mark Davis, Head of the EBRD's Yerevan Resident Office, said at
The EBRD is supporting the planned expansion of Faurecia S.A., a leading global automotive components producer, with a EUR 122.5 million loan.
The European Bank for Reconstruction and Development (EBRD) has appointed new representatives to its offices in Budapest and Skopje.