European Bank for Reconstruction and Development: Difference between revisions

Revision as of 22:07, 19 April 2025

Revision as of 09:34, 23 April 2025

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== Public banking ==

The EBRD is a public bank, meaning that public institutions such as states are shareholders in those institutions. More precisely, public financial institutions are controlled major predominantly by public authorities (more than 50%) whereas in institutions with public participations, public authorities aren't majority shareholders.<ref>{{Cite book |last1=Schmit |first1=Mathias |title=Public Financial Institutions in Europe |last2=Gheeraert |first2=Laurent |last3=Denuit |first3=Thierry |last4=Warny |first4=Cédric |publisher=European Association of Public Banks |year=2011 |___location=Bruxelles}}</ref> Public banks were particularly involved in the economic transition of the former Soviet Republics and Central and Eastern European countries as private banks and other sources of financing didn't want to invest for reasons such as those countries’ macroeconomic difficulties as well as political reasons regarding the country’s stability for instance.<ref>{{Cite journal |last=Hurlock |first=Matthew H |date=1994 |title=New approaches to economic development: the World Bank, the EBRD, and the negative pledge clause |url=https://heinonline.org/HOL/Page?handle=hein.journals/hilj35&div=16&g_sent=1&casa_token=q3_v80WXqFkAAAAA:XwXyzOIXJLpCjPHmKSjGr1IFP_gmRSqTL7w-ptwNacOQTVm3LQzotPHqRreGtBiiagd-cpgGyw&collection=journals |journal=Harv. Int'l. L.J. |volume=35}}</ref>

=== Relationship with the EIB ===