European Bank for Reconstruction and Development

• The EBRD HAS pledged further support for war-torn Ukraine with plans to increase its capital by 3 billion-5 billion euros.

ABOUT EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD)

• The European Bank for Reconstruction and Development (EBRD) is an international financial institution.
• It was founded in April 1991 to support countries of the former Eastern Bloc in the process of establishing their private sectors.
• EBRD, as a multilateral development investment bank, uses investment as a tool in building market economies.
• HQ- London
• It provides project financing mainly for private enterprises, usually together with other commercial lending partners, in countries that are committed to, and apply, democratic principles.
• It prioritizes support for countries in Central and West Asia, and North Africa.
• The organization also promotes environmentally sustainable development and gender equality and promises to be fully transparent.
• It does not finance stand-alone gambling facilities, substances banned by international law, selected alcoholic products, defence-related activities and the tobacco industry.
• It is owned by 69 countries from five continents, as well as the European Union and the European Investment Bank.
• India became the EBRD’s 69^th shareholder when it joined the Bank in July 2018.