What is the European Bank for Reconstruction and Development?
The European Bank for Reconstruction and Development (EBRD) was created in 1991 after the fall of the Berlin Wall and the collapse of the Union of Soviet Socialist Republics (USSR). Its main mission is to provide financial and other forms of assistance to private enterprises in the former Communist Bloc countries so that these nations are better able to switch to market economies and democracy. Its headquarters in London operates Ebrd in 29 countries ranging from Central Europe to Central Asia. Its 61 Member States, the European Community and the European Investment Bank. Recipients include former Member States of the USSR, as well as Turkey and Mongolia. In addition to the capital provided by the recipient's members, he has a credit rating Triple-A (AAA) and actively issues debt securities in an international financial tank to finance his credit portfolio and operations. It also provides government members of the recipient of members and support for the development and planning of policy related to privatization and restructuring of state -owned societies and improving infrastructure and generalthe services of services.
The bank focuses on increasing capital and providing funding adapted to the needs of new or recently introduced banks and private sector businesses; In general, the EBRD provides what is considered to be basic services and products perceived as too risky or that require investment capital to too large so that commercial and investment banks can accept individually. In order to receive the European Bank for the financing of reconstruction and development, the projects must successfully undergo a large -scale process, during which each of them is evaluated on a commercial basis and decides to its commercial life. Similarly, the European Bank for reconstruction and development loans on a commercial basis is. EBRD does not issue export guarantees or is not in retail banking.
The European Bank for Reconstruction and Development Invests and Operates in the Following Countries: Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Estonia, Macedonia, Georgia, Hungary, Kazakhstan, Kyrgyz Republic, Latvia, Lithuania, Moldova, Mongolia, Montenegro, Poland, Romania, Russia, Serbia, Slovak Republic Slovenia, Tajikistan, Turkey, Turkmenistan, Ukraine and Uzbekistan. Ebrd stopped making new investments in the Czech Republic in 2007, although it continues to manage and manages its investments. Similarly, in the process of ending its activities in the Baltic states of Estonia, Latvia and Lithuania.