European Bank for Reconstruction and Development—EBRD

Abstract

The Board, comprising 23 Directors elected by the Board of Governors for a three-year term, is responsible for the organization and operations of the European Bank for Reconstruction and Development (EBRD). It is supported by Board Committees relating to Audit; Budget and Administrative Affairs; and Financial and Operations Policies. The EBRD’s area of operations has expanded significantly since its inception. It’s initial focus was on the transition of countries from Central, Southern and Eastern Europe and the Caucasus, and Central Asia, and on the Russian Federation. The EBRD helps its beneficiaries to undertake structural and sectoral reforms to enable their full integration in the international economy. The EBRD’s Technical Co-operation Funds Programme aims to facilitate access to the Bank’s capital resources for countries of operations by providing support for project preparation, project implementation and institutional development. In March 2020 the EBRD President warned that the COVID-19 pandemic represented an unprecedented challenge to the Bank and to its countries of operations.