European Bank for Reconstruction and Development

Name of the organization

European Bank for Reconstruction and Development (EBRD)

General information about the organization

· EBRD was founded in 1991;

· Headquarter is located in London;

· EBRD is owned by 71 countries, as well as the European Union and the European Investment Bank;

· Odile-Renaud Basso is the President of the EBRD;

· Board Member: Turkey, Azerbaijan, Moldova, Romania, Kyrgyzstan;

Information about cooperation between Azerbaijan and the organization

· Azerbaijan has been a member of the Bank since September 25, 1992.

· Current projects:

- Support for the Implementation of Renewable Energy Auctions in Azerbaijan;

- Grant Agreement for Ganja Street Lighting Project;

- IT Hubs: Attracting foreign direct investments into Azerbaijan’s information and communication sector;

- The Technical Assistance in relation to the Development of the Power Sector in the Republic of Azerbaijan.