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social science subjects > economics > economic concepts > organizations (economics) > European Bank for Reconstruction and Development

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European Bank for Reconstruction and Development  

Definition

  • The European Bank for Reconstruction and Development (EBRD) was founded in May 1990, and inaugurated in April 1991, and works in the economies of 27 countries in central and eastern Europe and central Asia with a view to ensuring them a stronger economic outlook and strengthening democracy. Its stated objectives are to contribute to the progress and the economic reconstruction of the countries of central and eastern Europe which undertake to respect and put into practice the principles of multiparty democracy, pluralism, the rule of law, respect for human rights and a market economy. [Source: Encyclopedia of Business in Today's World; European Bank for Reconstruction and Development]

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https://concepts.sagepub.com/social-science/concept/European_Bank_for_Reconstruction_and_Development

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