Organization Overview
The European Bank for Reconstruction & Development (EBRD) was established in 1991 in response to major changes in the political and economic climate in the Central and Eastern Europe. The EBRD is an international institution, which is based in London, United Kingdom.
The EBRD is an international financial institution that supports projects from central Europe to central Asia. It is owned by 64 countries plus the European Union and the European Investment Bank. Investing primarily in private sector clients whose needs cannot be fully met by the market, the Bank fosters transition towards open and democratic market economies. In all our operations we follow the highest standards of corporate governance and sustainable development. The EBRD aims to promote market economies that function well – where businesses are competitive, innovation is encouraged, household incomes reflect rising employment and productivity, and where environmental and social conditions reflect peoples’ needs.
The EBRD is the largest single investor in the region and mobilizes significant foreign direct investment beyond its own financing. Despite its public sector shareholders, it invests mainly in private enterprises, usually together with commercial partners. It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies, to support privatization, restructuring state-owned firms and improvement of municipal services. The Bank uses its close relationship with governments in the region to promote policies that will bolster the business environment.
The strategy for Tajikistan for the years 2012-2015 was approved by the Board of the EBRD on 13 March 2012. The Bank’s activities in the country will focus on fostering the private sector, strengthening the financial sector, supporting critical infrastructure and improving the quality of energy supply, regulation and energy efficiency. In developing the private sector, the first priority is to develop micro, small and medium-sized enterprises (MSMEs) through microfinance instruments, small and medium-sized enterprises credit lines, and Trade Facilitation Programme. The financial sector will be strengthened through various means including broadening lending products and extending a Medium-Sized Co-financing Facility to suitable local banks. In supporting the country’s infrastructure, the EBRD will facilitate commercialization, while concentrating on the basic needs of the population and affordability.
As at 31 March 2013, the EBRD has provided loan and equity financing to 73 projects for a total amount of €293 million.
| Mr. Holger Wiefel Director, Head of EBRD in Tajikistan Tel: (+992 37) 2213543, 2210763 Website: http://www.ebrd.com/pages/country/tajikistan.shtml Address: 85/22, Internationalaya Street, Dushanbe, Tajikistan |