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Home > QFINANCE Dictionary > Definition of EBRD

Definition of

EBRD

Banking

European bank helping to develop market economies a bank, established in 1991, to develop programs to tackle a variety of issues. These included the creation and strengthening of infrastructure; industry privatization; the reform of the financial sector, including the development of capital markets and the privatization of commercial banks; the development of productive competitive private sectors of small and medium-sized enterprises in industry, agriculture, and services; the restructuring of industrial sectors to put them on a competitive basis; and the encouragement of foreign investment and cleaning up the environment. The EBRD had 41 original members: the European Commission, the European Investment Bank, all the then EU countries, and all the countries of Eastern Europe except Albania, which finally became a member in October 1991, followed by all the republics of the former USSR in March 1992.

Related definitions of "EBRD"

Definitions of ’EBRD’ and meaning of ’EBRD’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’EBRD’ and other financial terms with our online QFINANCE Financial Dictionary.

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