EBRD


Also found in: Dictionary, Acronyms, Encyclopedia, Wikipedia.

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 ?
One of the main tasks of EBRD is to ensure stable development of Azerbaijan's non-oil sector by investing in small and medium-sized private enterprises.
The EBRD President said that they are committed to improving the business climate and that the signing of the MoU is a sign that EBRD attaches importance to the achieved goals in BiH, and pointed out that the list of projects that are ready for implementation is encouraging.
Ayten Rustamova, EBRD Head of Office in Tajikistan, said: "We would like to welcome our long-term partner, the FMFB, to the EBRD's Risk Sharing Facility.
The EBRD has made great efforts to increase funding for the private sector, infrastructure, financial, and other sectors in the countries of Central Asia, particularly in Kyrgyzstan.
According to the announcement, EBRD projects will aim to strengthen the financial sector, making it more robust to future shocks and improving its governance.
When asked by ArmInfo whether the EBRD is planning new investments in the capital of Armenian banks in 2014, Davis
Watch the interview with the First Vice President of EBRD Varel Freeman
The EBRD is already considering a request by Egypt to become a country of operations and Morocco, another EBRD shareholder, has more recently expressed a similar interest in becoming a recipient of investments by the bank.
The EBRD has announced that it would purchase a 15 per cent stake in Russia-based SDM Bank.
EBRD has already launched talks with the country's government on possible legislation amendments, he added.
EBRD, which revised down the 2009 economic forecasts for central and eastern European countries, expects fragile recovery in 2010.
According to an announcement on 28 November, the details of the co-financing arrangements are laid down in a Memorandum of Understanding which is to be signed before the end of the year between the European Commission, the EIB and the EBRD.