About the European Bank for Reconstruction and Development
Established in 1991, the European Bank for Reconstruction and Development (EBRD) has become the largest financial investor in central and eastern Europe and in Central Asia. It was set up specifically to assist countries to develop market-oriented economies.
The EBRD provides project financing for banks, industries, and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies. Direct investments generally range from €5 million to €230 million. Its financing instruments include loans and equity finance, guarantees, leasing facilities, and trade finance.
Headquartered in London, the EBRD has resident offices in 29 countries and is funded by 61 countries, the European Union, and the European Investment Bank.
View EBRD’s website here.
EBRD and CAREC
The EBRD is one of the six multilateral institutions that support CAREC. It participates actively in institutional events, such as the ministerial conferences and senior officials meetings, as well as in sector coordinating committees’ meetings.
EBRD’s assistance is felt in the CAREC priority areas. Between 2005 and 2010, it provided around $770 million in loans and grants in transport, trade, and energy.
The EBRD operates in 7 of the 10 CAREC countries—Azerbaijan, Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan.