European Bank for Reconstruction and Development

Name of the organization

European Bank for Reconstruction and Development

General information about the organization

· Establishment date: 1991.

· Purpose: Foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative

· President: Odile Renaud-Basso (Since 2020).

· Headquarter: United Kingdom, London.

· Authorised share capital: €34.0 billion.

· Number of member countries: 75

Information about cooperation between Azerbaijan and the organization

· Membership of Azerbaijan: 1992

· In 1993, the local representative office of the Bank was opened in Azerbaijan.

· 14 sovereign guaranteed projects

- Completed: 11 projects.

- Under implementation: 3 projects.

· Distribution of projects under implementation by sectors:

- Ganja solid waste;

- Ganja street lighting;

- Reconstruction of water supply and sewage networks in Ganja city project