European Bank for Reconstruction and Development was set up during the collapse of communism in Eastern Europe in 1991.In that period, the former state of the Soviet Union urgently required support for the formation of the private sector in the renewed democracy prevails.Currently, the Bank effective tools used for the development of a market economy and to adapt to democracy in 34 countries located around the world.
main activities of the Bank
European organization works only for commercial purposes, charity is not part of its mission.EBRD lends only specific projects.In addition to lending, the bank carries out direct investments, providing technical support.The authorized capital of the financial institution equivalent to 10 billion dollars, and corresponds to the level of ECU 12 billion.The controlling stake in the company (51%) is owned by the EU.Contributions to the organization accepted in any freely convertible currency.The main purposes for which originally formed the European Bank for Reconstruction and Development - is:
- Financing supply road transport.
- financing and delivery of equipment.
- Technical assistance to government and commercial organizations, enterprises.
- lending to the private sector, which accounts for about 60% of the total amount of loans.
Subtleties of the EBRD
as the unit of account of the bank used by the ECU and the US dollar, together with the Japanese yen.Division of financial giant open and provide a full range of services in all the countries that participated in the establishment of the Institute.Offices are working in Russia and Ukraine.The Bank closely monitors the purposeful use of the funds that it provides as loans.In addition to financing, the World Bank gives advice and organizes a variety of training courses for bankers, managers.The Institute provides professional assistance in food distribution.It is said that the financial institution does not have its own funds to provide technical support.It accumulates funds for this purpose through the funds operating in the EU.
The specifics of
basic format of EBRD financing - a loan and investing in the share capital or guarantees.The main office of the organization is located in London.Important players association are not only countries in the world, but also the European Community and the European Investment Bank.Each member organization (total 58 countries) have a representative on the Board of Governors and the Board of Directors.The main advantage that distinguishes the European Bank for Reconstruction and Development - is his deep knowledge of the region in which it is planned to carry out financial transactions.Management agencies are well acquainted with all the difficulties and potentials of the countries with which the partnership is conducted.Bank (Bank) offers its support only to those States that follow the market economy, pluralism and multi-party democracy.Another strong point of the institute - is the ability to take risks, to significantly expand the boundaries of commercial potential.EBRD meets the highest AAA credit rating, which makes it possible to raise capital in international markets on the most favorable terms.
functions not only
International Bank is the participating countries during the full support not only structural, but also the sectoral reforms, de-monopolization, inclusive, which are aimed at the integration of the private economy into the world economy.To implement this task is carried out active promotion.
- Small and medium-sized enterprises to help in organizational matters, in terms of the modernization and expansion of production in the construction of competitive politics.
- Bank contributes to the mobilization and foreign and national capital.Support is in the proper management tools.
- organization promotes investment in production to create competitiveness and to improve the quality of life, increase productivity.
- Assists in technical training, financing, project implementation, in promoting the capital market, in an environmentally sustainable development, embodied in the reality of large-scale projects that involve multiple recipient countries.
's commitment to environmental aspects
addition to multilateral lending, the Bank is an active supporter of environmentally friendly prosperity.For each project the bank's strict requirements in terms of environmental protection.Systematic funding to improve municipal and other infrastructure.Financially promoted energy-saving technologies.The area of nuclear safety - another priority area of the EBRD.Russia and some other countries in this regard are the bank under close supervision.The financial institution responsible for allocating funds, which are designed to minimize hazards in the nuclear power plants in different regions of the world.The World Bank, working simultaneously with many countries, each State has its own approach.He not only designs, but also implements programs to the needs of each member state of the system.
EBRD in Ukraine
European Bank for Reconstruction and Development is one of the biggest investors in Ukraine.Financial institution offers its support in various sectors of activity, including the financial sector and small commercial companies.The priority areas for financial institutions are agriculture and transport infrastructure, municipal services and the energy sector, the television communications.Chernobyl Fund "Shelter" is also under the control of the Bank.Ukraine received assistance from the organization in terms of the recovery of Chernobyl, its transformation into a completely safe and clean area.
actual assistance to Ukraine
main office of EBRD in Ukraine works in Kiev.The professional staff consists of the best experts of various sectors of the economy.Always maintain an active dialogue with the government of the state.A great contribution to the European Bank makes to the prosperity of the business and the improvement of the investment climate.In 2015, the financial institution plans to invest in projects to develop the country's economy about $ 3.5 billion.The funds will be spent on Ukrainian pipes to increase the number of jobs, on the development of Ukrainian companies on infrastructure projects, education and medicine.This will be the global investment that would restore the productive forces of the state.
EBRD and Russian
EBRD background of recent developments and the economic situation in Russia presented the update, but worsened the forecast of economic development.In 2015, according to representatives of the bank, it is expected to decline in GDP of the order of 4.8%.Unhealthy investment environment that has developed after the imposition of sanctions on the country in 2014, only exacerbated decline in oil prices.Consumer demand Buda reduced due to the depreciation of the national currency, due to the increase in interest rates on loans.Unavailable retail loans will be unaffordable for ordinary families, that will cause reduction and so has fallen by 50% in the past year the demand.Rushan Russia's economy in 2015 will impose a negative impact on the development of countries such as Kazakhstan, Azerbaijan, Turkmenistan and Belarus, Armenia.According to forecasts of the Bank, Russia could fall into much worse situation if oil prices continue to fall, and the conflict with Ukraine worse.
