Knowra European Bank for Reconstruction and Development European Bank for Reconstruction and Development The European Bank for Reconstruction and Development (EBRD) is an international financial institution that invests in projects and supports private enterprise across Europe, Central Asia, the Middle East, and Africa.
EBRD financing : The EBRD’s loans, equity investments, guarantees, and other financial products for projects and businesses. These instruments turn the bank’s development mandate into direct support for firms and infrastructure.
Fall of the Berlin Wall : The opening and subsequent dismantling of the Berlin Wall in 1989, a landmark in the end of Cold War divisions in Europe. The upheaval helped create the political opening for a bank devoted to economic transition.
Green Economy Transition : The EBRD’s framework for increasing investment in low-carbon, resource-efficient, and climate-resilient economies. It channels the bank’s financing toward cleaner energy and more sustainable production.
European Investment Bank : The European Union’s long-term lending institution, which finances projects supporting EU policy objectives. The EIB is a close European counterpart with a different institutional remit and geographic focus.
Post-socialist transition : The political and economic transformation of former socialist states toward new political institutions and market-based economies. The EBRD became a major financier of this broad transformation after its founding.
Additionality : The extent to which an institution’s intervention enables outcomes that would not otherwise occur, or improves their quality. The EBRD uses this principle to assess whether its financing adds value beyond what markets provide.
Cold War : The prolonged geopolitical rivalry between the United States and the Soviet Union and their respective allies after World War II. The EBRD’s founding responded to the collapse of the European order shaped by this rivalry.
EBRD Trade Facilitation Programme : An EBRD programme that provides guarantees and loans to support trade transactions in its countries of operation. The programme helps local banks and firms access trade finance where it is scarce.
World Bank : An international development institution that provides financing, knowledge, and policy support to countries worldwide. The World Bank’s global development mandate differs from the EBRD’s regional focus and emphasis on private enterprise.
Privatization : The transfer of ownership or control of assets and enterprises from the public sector to private actors. The bank’s early transition work often supported private enterprise and changes in state-dominated economies.
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