European Bank for Reconstruction and Development MRPA
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The EBRD was created in April 1991 to ‘foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative’. The EBRD is owned by 74 countries, as well as the European Union and the European Investment Bank. Each shareholder is represented on the Board of Governors, which has overall authority over the Bank. The current president is Odile Renaud-Basso. Since then EBRD have invested over €210 billion in more than 7,300 projects across three continents. EBRD are a climate finance leader and actively support Ukraine and other countries affected by the war there.