European Bank for Reconstruction and Development (EBRD)
Official information sourcehttps://www.ebrd.com/home
The European Bank for Reconstruction and Development (EBRD) was founded in 1991 to create a new post-Cold War era in central and eastern Europe. They are now doing more than ever before - across three continents - to further progress towards ‘market-oriented economies and the promotion of private and entrepreneurial initiative’.
The EBRD is owned by 69 countries, as well as the European Union and the European Investment Bank. The EBRD President is currently Sir Suma Chakrabarti. Each shareholder is represented on the Board of Governors, which has overall authority over the EBRD.
What They Do
The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through their projects, business services and involvement in high-level policy reform, They're doing more than ever before across three continents.
They now anticipate committing all activity in 2020/2021 to helping counter the economic impact of the coronavirus pandemic.
Announced an emergency coronavirus financing package worth €21 billion.
- Financial investment projects.
- Providing business advisory services and promote trade finance and loan syndications.
Where they work
- Operations span a range of industries, from agribusiness to infrastructure to transport.
- Thanks to their Green Economy Transition approach they are world leaders in climate finance.
The EBRD's coronavirus Solidarity Package
- The Resilience Framework provides finance to meet the short-term liquidity and working capital needs of existing clients.
- They will expand financing under our Trade Facilitation Programme.
- They will also offer fast track restructuring for distressed clients, while maintaining our high standards of accountability.
- They will enhance established frameworks that can reach out to SMEs and corporates which are not yet clients
- They have also launched a Vital Infrastructure Support Programme to finance working capital, stabilisation, and essential public investment.
- They will also be providing governments with high quality, straightforward and usable policy advice.