European Bank For Reconstruction & Development

EBRD is an international financial institution founded in 1991 and headquartered in London. It was set up after the fall of the Berlin wall to promote private and entrepreneurial initiative in emerging Europe.

• EBRD is owned by 66 countries and two EU institutions i.e EU & EIB. 
• US is the biggest shareholder. 
• Besides Europe, member countries of the EBRD are also from other continents – North America (Canada and US), Africa (Morocco), Asia (Japan, China, South Korea) and Australia.
• EBRD’s core operations pertain to private sector development in their countries of operation. 
• The minimum initial investment towards the membership of EBRD will be approximately one million Euros.

India and EBRD

India has got the go-ahead to join the European Bank of Reconstruction And Development (EBRD), after shareholders of the London-based multilateral lender agreed to the country becoming its 69th member.