EBRD


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EBRD

See: European Bank for Reconstruction and Development

European Bank for Reconstruction and Development

A bank created after the end of the Cold War to help Central and Eastern European nations in the transition to capitalism. Among other things, it provides loans to companies and governments for new and expanded operations, assists in privatization of former state-owned businesses, and helps with bank stabilization. In 2006, it began changing its focus from helping former Soviet bloc nations in Europe to former members of the Soviet Union in Central Asia, including Russia itself. It is financed by member nations across the world, including most Western European countries and the United States.
References in periodicals archive ?
The amount of EBRD investments in Kyrgyzstan has reached 508 million euros.
The EBRD will focus on investments in the financial sector, energy, privatisations and providing finance to projects of individual companies.
This experience is relevant not only to the expanding region of operations of the EBRD to reduce the impact of rising energy prices and to boost the competitiveness of enterprises, but to the scaling-up of financing to address climate change".
Mr Freeman added that EBRD continues to face strong demand from its private sector clients, and is likely to finish the year with a total business volume approaching e1/49 billion.
It would have to ensure that the EBRD would not require additional capital contributions from shareholders and that such a move should not compromise the scope and impact of the bank's operations in the existing recipient countries," the EBRD said.
Supporting the development of the private sector is one of the EBRD s key priorities in Turkmenistan and we are pleased to launch this new facility that will increase the levels of financial intermediation in the country s banking sector and will bring new sources of finance to small and medium-sized businesses , said Olivier Descamps, EBRD Managing Director for Turkey, eastern Europe, Caucasus and Central Asia.
So, besides the money from the clearing debt from Russia, agreed to be used for this purpose, the main part of the money for the gasification project will be provided by EBRD and EIB.
Although EBRD revised its projections for average year on year growth for 2010 up to 2.
To date the EBRD has committed close to 450 million euros to the Latvian economy in various projects in the financial, corporate, energy and infrastructure sectors.
EBRD President Thomas Mirow said: "Our involvement in this project has given the EBRD a unique opportunity to provide real support to the rail sector reforms being carried out by RZD and the Russian government.
To Provide Climate Change Advisory and Implementation Services for the EBRD and EIB
During the signing ceremony in Limassol, Sue Barrett, EBRD Director for Transport, said: We are proud to sign our first transport loan in Cyprus with Interorient Shipmanagement to support the expansion of the company s ship management services.