EBRD
From WaterWiki.net
Name of Organization | European Bank for Reconstruction and Development (EBRD) |
Part of / Sub-organizations | |
Focus Areas | Loans, finance, and banking for reconsturction and development
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Geographic Scope | Europe to Central Asia
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Contacts | EBRD, One Exchange Square, London EC2A 2JN, United Kingdom
Telephone +44 20 7338 6000
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Organization Websites | |
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Contents |
Mission/Mandate
The European Bank for Reconstruction and Development was established in 1991 when communism was crumbling in central and eastern Europe and ex-soviet countries needed support to nurture a new private sector in a democratic environment. Today the EBRD uses the tools of investment to help build market economies and democracies in countries from central Europe to central Asia.
The EBRD is the largest single investor in the region and mobilises significant foreign direct investment beyond its own financing. It is owned by 61 countries and two intergovernmental institutions. But despite its public sector shareholders, it invests mainly in private enterprises, usually together with commercial partners.
It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies, to support privatisation, restructuring state-owned firms and improvement of municipal services. The Bank uses its close relationship with governments in the region to promote policies that will bolster the business environment.
The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. Respect for the environment is part of the strong corporate governance attached to all EBRD investments
Key Resources
See also complete list of WaterWiki-documented EBRD-Publications
Work on the Ground
See also complete list of WaterWiki-documented EBRD-Projects
References
See also
Water Strategy: Regional Approach for Southeastern Europe (2001)
