EBRD

1
EBRD

• Tim Donn
• Tatiana Danysh
• Tatiana Cherepahina

2
About EBRD

• Established in 1991
• Owned by 60 countries
• Helps to rebuild economies in 27 countries from
  central Europe to central Asia
• Provides project financing for banks, industries
  and businesses

3
Every EBRD investment must

• Have strong commercial prospects
• Involve significant equity contributions from
  project sponsor
• Benefit local economy
• Meet EBRD banking and environmental standards

4
Through its investments, the EBRD promotes

• Structural and sectoral reforms
• Competition, privatization and entrepreneurship
• Stronger financial institutions and legal systems
  
• Infrastructure development needed to support the
  private sector
• Adoption of strong corporate governance,
  including environmental sensitivity

5
Functioning as a catalyst of change, the EBRD

• Promotes co-financing and foreign direct
  investment
• Mobilizes domestic capital
• Provides technical assistance

6
Question

• How many percent of typical project are funded by
  EBRD
• a) 25
• b) 30
• c) 35
• d) 45

7
Relation to the book

• Chpt.20 pg. 655
• The Importance of Institutional Investors and
  Foreign Investors.
• The Bank does not directly utilize shareholders'
  capital to finance its loans. Instead, the
  AAA/Aaa rating enables the Bank to borrow funds
  in the international markets by issuing bonds and
  other debt instruments at highly cost-effective
  market rates.