Community Research and Development Information Service - CORDIS

The European Bank for Reconstruction and Development

An Agreement establishing the European Bank for Reconstruction and Development (EBRD) has been approved by the Council on behalf of the EEC (Council Decision 90/674/EEC of 19.11.1990). The Bank's overall functions will be to promote productive and competitive investments in th...
An Agreement establishing the European Bank for Reconstruction and Development (EBRD) has been approved by the Council on behalf of the EEC (Council Decision 90/674/EEC of 19.11.1990). The Bank's overall functions will be to promote productive and competitive investments in the central and eastern European countries, facilitate the transition towards a market-oriented economy and accelerate structural adjustments. Forty countries, together with the EEC and the European Investment Bank (EIB), have signified their intention of becoming members. The original authorized capital stock is set at ECU 10 billion, of which the Community's shareholding will represent 3% (ECU 300 million). The rules and regulations governing the functions, membership, structure and operations of the EBRD are set forth in the Agreement, the text of which is annexed to the Council Decision.

Subjects

Economic Aspects
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