European Bank for Reconstruction and Development
Also found in: Dictionary, Financial, Acronyms, Wikipedia.
Related to European Bank for Reconstruction and Development: International Finance Corporation, World Bank, European Investment Bank, Inter-American Development Bank
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)
..... Click the link for more information. 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
..... Click the link for more information. are shareholders in the EBRD.