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Founded in 1991, the 'European Bank for Reconstruction and Development (EBRD)' uses the tools of investment to help build market economies and democracies in 27 countries from central Europe to central Asia.
The EBRD is owned by 61 countries and two intergovernmental institutions. Despite its public sector shareholders, it invests mainly in private enterprises, usually together with commercial partners.
EBRD 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 privatization, restructuring state-owned firms and improvement of municipal services.

The EBRD’s mandate stipulates that it must only work in countries that are committed to democratic principles. The EBRD is directed by its founding agreement to promote, in the full range of its activities, environmentally sound and sustainable development.
Erik Berglof is the Chief Economist

Albania	Australia	Austria
Armenia	Belgium	Canada
Azerbaijan	Cyprus	Denmark
Belarus	Egypt	Israel
Bosnia and Herzegovina	Finland	France
Bulgaria	Germany	Greece
Croatia	Iceland	Ireland
Czech Republic	Italy	Japan
Estonia	Luxembourg	Malta
Georgia	Norway	Portugal
Hungary	Morocco	Netherlands
Kazakhstan	United Kingdom	United States of America
Kyrgyz Republic	Korea, Republic of	Mexico
Republic of Macedonia	New Zealand	Spain
Moldova	Sweden	Switzerland
Mongolia
Montenegro
Poland
Romania
Russia
Serbia
Slovak Republic
Slovenia
Tajikistan
Turkey
Turkmenistan
Ukraine
Uzbekistan

Financing members, European Union institutions:

★ European Community

★ European Investment Bank

Contents

Requirements for EBRD financing

EBRD Presidents

Headquarters address

External links

Requirements for EBRD financing

EBRD financing for private sector projects generally ranges from €5 million to €250 million, in the form of loans or equity. The average EBRD investment is €25 million.



Smaller projects may be financed through financial intermediaries or through special programmes for smaller direct investments in the less advanced countries.



'Criteria'

To be eligible for EBRD funding, the project must:

- be located in an EBRD country of operations

- have strong commercial prospects

- involve significant equity contributions in-cash or in-kind from the project sponsor

- benefit the local economy and help develop the private sector

- satisfy banking and environmental standards.



'Project structure'

The EBRD tailors each project to the needs of the client and to the specific situation of the
country, region and sector. The EBRD typically funds up to 35 per cent of the total project cost for a greenfield project or 35 per cent of the long-term capitalisation of the project
company. The Bank requires significant equity contributions from the sponsors, which must
equal or be greater than the EBRD’s investment.



There must be additional funding from the sponsors, other co-financiers or generated through the EBRD’s syndications programme.



'Sectors supported by the EBRD'

The EBRD finances projects in most sectors.



These include:

- agribusiness

- energy efficiency

- financial institutions

- manufacturing

- municipal and environmental infrastructure

- natural resources

- power and energy

- property and tourism

- telecommunications, information technology and media

- transport.

EBRD Presidents

April 1991 – June 1993: Jacques Attali

September 1993 – January 1998: Jacques de Larosière

September 1998 – April 2000: Horst Kohler

July 2000 – Present: Jean Lemierre

Headquarters address

One Exchange Square

London EC2A 2JN

United Kingdom

External links

★ EBRD web site

★ Bank Information Center