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European bank for reconstruction and development The European Bank for Reconstruction and Development is an international financial institution founded in 1991. 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. - The European Bank for Reconstruction and Development is an international financial institution founded in 1991. 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 shareholder being the United States, but only lends regionally in its countries of operations. - 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 shareholder being the United States, but only lends regionally in its countries of operations.
Headquartered in London, the EBRD is owned by 71 countries and two EU institutions, the 71st being Algeria since October 2021. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners. - Headquartered in London, the EBRD is owned by 71 countries and two EU institutions, the 71st being Algeria since October 2021. 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 Bank (EIB), which is owned by EU member states and is used to support EU policy. EBRD is also distinct from the Council of Europe Development Bank (CEB). - The EBRD is not to be confused with the European Investment Bank (EIB), which is owned by EU member states and is used to support EU policy. EBRD is also distinct from the Council of Europe Development Bank (CEB).
The European Bank for Reconstruction and Development owns 6.07% of the Moscow Stock Exchange. - The European Bank for Reconstruction and Development owns 6.07% of the Moscow Stock Exchange.
The EBRD announced on 23 July 2014 that it would suspend new investment projects in Russia, following an earlier declaration by the European Council. The European Council declaration was made in the context of the 2014 pro-Russian unrest in Ukraine. As of 2014 Russia has been the biggest funding recipient of all countries. - The EBRD announced on 23 July 2014 that it would suspend new investment projects in Russia, following an earlier declaration by the European Council. The European Council declaration was made in the context of the 2014 pro-Russian unrest in Ukraine. As of 2014 Russia has been the biggest funding recipient of all countries.
In 2013, the Russian Federation received €1.8 billion for investments from the EBRD and 1 billion € from the EIB. Russia employed the funds to finance a variety of projects like pipeline valves, property acquisitions, and a loan to a hypermarket chain. Two Russian projects were awaiting funding from the EBRD: a €300 million plan for promoting energy efficiency, and a $180 million loan to lease agricultural and forestry equipment. - In 2013, the Russian Federation received €1.8 billion for investments from the EBRD and 1 billion € from the EIB. Russia employed the funds to finance a variety of projects like pipeline valves, property acquisitions, and a loan to a hypermarket chain. Two Russian projects were awaiting funding from the EBRD: a €300 million plan for promoting energy efficiency, and a $180 million loan to lease agricultural and forestry equipment.
The bank stated that it will continue to manage on-going projects in Russia. Despite denying Russia new funds the EBRD continues to insist on its 6.1% of ownership in the Moscow Stock Exchange, seeking profits from Russia with the Privatisation of the Soviet economy. - The bank stated that it will continue to manage on-going projects in Russia. Despite denying Russia new funds the EBRD continues to insist on its 6.1% of ownership in the Moscow Stock Exchange, seeking profits from Russia with the Privatisation of the Soviet economy.
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