European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) is a unique international financial institution, established in 1991, that operates as a development bank rather than a traditional venture capital firm. Its primary mandate is to foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in countries committed to applying the principles of multi-party democracy, pluralism, and market economics. Based in London, the EBRD focuses its investments across Central and Eastern Europe, Central Asia, and North Africa, aiming to support sustainable economic growth and development in these regions.

EBRD's investment strategy is distinct, focusing on projects that contribute to its transition mandate, with key strategic priorities including the green economy transition, fostering inclusion, supporting digital transformation, and promoting private sector development. The bank provides a range of financing instruments, including debt, equity, and guarantees, often taking minority stakes in companies and projects. It also plays a crucial role in mobilizing co-financing from other investors, thereby amplifying its impact and attracting further capital to its regions of operation.

The scale of EBRD's operations is substantial. In 2023 alone, the bank invested a significant €13.1 billion across 405 projects, demonstrating its commitment to its regions and mandate. While it can facilitate smaller projects through financial intermediaries, its typical direct project investments range from approximately €5 million to €250 million. These investments are designed to support a wide array of sectors, including infrastructure, energy, financial institutions, and various industries, all with the overarching goal of building resilient and competitive market economies.