The "European Bank for Reconstruction & Development (EBRD)" was founded in 1991 and headquartered in London (UK). The EBRD is a Multilateral Development Bank (MDB) aiming to promote economic and social development in 27 countries of Central and Eastern Europe, as well as Central Asia. Its Shareholders include 61 countries and 2 supra-national institutions. EBRD is rated AAA by S&P and Aaa by Moody's allowing access to financial markets at sub-Euribor levels. The EBRD mostly finances private enterprises, as opposed to sovereign entities. It typically prefers to intervene on a co-Investment basis in order to attract private funding while at the same time acting as a credit-Enhancement reducing the overall lending Risk by its presence among the lenders. Its focus is on project finance related to the improvement of infrastructures and the restructurization of existing companies in need of modernisation. The EBRD is actively promoting privatization, as well as Compliance with an ecological and transparency agenda. [www.ebrd.com]

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