European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) was established in 1990. Poland is one of the founding members. At present, the members are 72 countries, the European Union and the European Investment Bank.

The Bank's subscribed capital currently stands at EUR 30 billion. The largest shareholders of the Bank are the United States, France, Japan, Germany, the United Kingdom and Italy. Poland holds 1.28% of the shares (17th largest shareholder).

The EBRD's Board of Governors elected Ms Odile Renaud-Basso as President of the Bank at its Annual Meeting in October 2020.

The Bank's main bodies are:

The Board of Governors
The Board of Directors

The Bank's main objective

is to support the transition towards a market economy, especially in the private sector, in the following countries:

Central and Eastern Europe,
Central Asia,
the Mediterranean coast.

Vast majority of loans, loan guarantees and equity investments of the Bank should be allocated to the private sector. Currently, the EBRD operates in 37 countries and in West Bank and Gaza.

The priority areas of support by the Bank include

Sustainable energy consumption
Fight against climate change
Development of small and medium-sized enterprises and local government units
Improvement of transport infrastructure
Nuclear safety (including through financing the liquidation of post-Soviet nuclear power plants),
Supporting the development of ICT technologies
Agricultural development

Instruments of the Bank

Loans for private and public enterprises - operating in conditions of competitiveness
Acquisition of shares in all types of enterprises in order to strengthen private or foreign capital in these enterprises
Providing guarantees to enterprises in order to enable them to access to the capital market
Creation of special trust funds intended for specific purposes
Co-financing of infrastructure projects, the implementation of which will contribute to the development of the private sector

Cooperation with Poland

Poland is the fourth largest loan portfolio in the country of operation of the EBRD (approximately 7,6% share at December 31, 2022). At the end of the 2022, the total volume of EBRD's involvement in Poland amounted to approximately EUR 12,4 billion (of which 96% in the private sector).