European Bank for Reconstruction and Development: Difference between revisions

Revision as of 20:02, 4 September 2023

Revision as of 06:53, 27 September 2023

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Since the 2000s, the focus has shifted towards the issue over sustainable market economies, notably in the context of the financial crisis of 2007 which harshly impacted population and their trust in financial institutions, democracy and free market. As a result, a rethinking of the concept of transition has taken place within the EBRD and has impacted the activities of the Bank. Furthermore, the concept of transition was reviewed in 2015. In fact, it led to the idea that the ideal market economy is made of a greatly competitive, resilient and integrated market and is complemented by a good governance system conducted by a well-functioning state which has to be environmental friendly and inclusive.<ref name=":5" />

In [[Armenia]], EBRD has been operating since 1986, investing over €2 billion in over 200 projects. More than 90% of these investments have been made in private enterprises.<ref>{{Cite web |date=October 31, 2022 |title=EBRD activity in Armenia to date|work=European Bank for Reconstruction and Development (EBRD)|url=https://www.ebrd.com/where-we-are/armenia-data.html|url-status=live|access-date=December 9, 2022}}</ref> The bank's key areas of investment include the financial sector, SMEs, and sustainable infrastructure. They invest, engage in policy-making, and offer technical assistance in order to encourage these areas locally. The EBRD invests around €150 million in [[Economy of Armenia|Armenia's economy]] every year. Its partner financial institutions lend approximately €100 million to local SMEs through a variety of programs that promote trade, green energy, and financial access.<ref>{{Cite news |date=December 6, 2022 |title=EBRD invested over €2 billion in over 200 projects during 30 years of operation in Armenia|work=armenpress |url=https://armenpress.am/eng/news/1098929.html/|url-status=live|access-date=December 9, 2022}}</ref>

=== Related to environment and climate change ===