Address: One Exchange Square
Country: United Kingdom
Postal Code: EC2A 2JN
Website Address: http://www.ebrd.com
European Bank for Reconstruction and Development (EBRD)
The European Bank for Reconstruction and Development was established in 1991 when communism was crumbling in central and eastern Europe and ex-soviet countries needed support to nurture a new private sector in a democratic environment. Today, the EBRD uses the tools of investment to help build market economies and democracies in countries from central Europe to central Asia. The EBRD is the single biggest investor in the agribusiness sector in Russia, South Eastern Europe, Central Asia and Central Europe.
The Southern and Eastern Mediterranean (SEMED) region is the latest region
in which the bank is working to boost economic and democratic change. The
strong support for the EBRD’s proposed mission in the SEMED region followed
requests from Egypt and Morocco to become countries of operation, followed
shortly after by Jordan and Tunisia. In its activity on the ground the Bank
will focus on fostering growth of small and medium-sized enterprises, boosting
agribusiness, improving banking services, creating local capital markets and
supporting renewable energy and energy efficiency.
Despite the ongoing impacts of the global financial crisis in 2012 the EBRD committed €874 million to 62 agribusiness projects across 24 countries. Total commitments in the sector, including commercial cofinancing, amounted to €1.25 billion and represented around 10 per cent of the Bank’s annual commitments. It is notable that a third of the Bank’s projects in the new southern and eastern Mediterranean (SEMED) region in 2012 were in the agribusiness sector, and that a third of the year’s agribusiness projects were in the early transition countries (ETCs). These strong results highlight the position of the Bank as one of the leading investors in the agribusiness sector in the region with a portfolio of €3.4 billion.