European Bank For Reconstruction And Development - EBRD
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Definition: European Bank For Reconstruction And Development - EBRD
European bank for reconstruction and development is a bank founded in 1991 in Europe. The main purpose of this bank is to use investment as a tool to influence market economics. At the beginning the banks was operating in Europe but then expanded its operation to 30 countries from central Europe to Asia. The bank is headquartered in London and owned by 64 countries.
The main reason behind the establishment of European Bank For Reconstruction And Development was to support countries of the Eastern Bloc by providing investments and developing private sectors. The main offerings by this bank are project financing for banks, new ventures and others. The bank refrains from investing into defence related activities, tobacco and alcohol industry.
The below mentioned countries are recipients of funds:
Azerbaijan, Albania, Armenia, Belarus, Croatia, Cyprus, Estonia, Georgia, Bosnia and Herzegovina, Bulgaria, Hungary, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Jordan, Kazakhstan, Kosovo, Macedonia, Montenegro, Poland, Romania, Russia, Serbia, Moldova, Mongolia, Slovakia, Slovenia, Tajikistan, Turkey, Turkmenistan, Ukraine and Uzbekistan.