The European Bank for Reconstruction and Development (EBRD) The Agreement establishing the European Bank for Reconstruction and Development entered into force on 28 March 1991, in accordance with Article 62 thereof. In effect, on that date, the instruments of ratification, acceptance or approval of the signatories whose initial subscri... The Agreement establishing the European Bank for Reconstruction and Development entered into force on 28 March 1991, in accordance with Article 62 thereof. In effect, on that date, the instruments of ratification, acceptance or approval of the signatories whose initial subscriptions represent two-thirds of the capital, including at least two countries from Central and Eastern Europe, had been deposited with the French government.