The European Bank for Reconstruction and Development is an international financial institution created to help the former communist countries of Central and Eastern Europe move toward market economies after the Cold War. The idea was promoted by French president Francois Mitterrand after the revolutions of 1989, and the bank has its headquarters in London. It lends mainly to private companies, supports reforms and invests in sectors such as energy, infrastructure and banking, with a stated commitment to democracy and pluralism. Its shareholders are dozens of countries and institutions, including the European Union. Over time it has widened its range beyond Europe to Central Asia, the southern and eastern Mediterranean and parts of sub-Saharan Africa.
Before and after
- 1991Introduction of Slovenian tolar
- from 1991 to 2000Chechen Republic of Ichkeria
- 1991Creation of Classic Visual Basic
- 1991Launch of AllMusic
- 1991Founding of European Bank for Reconstruction and Development
- 1991Establishment of Bwindi Impenetrable National Park
- 1991Rise of Voluntary Human Extinction Movement
- 1991Founding of Central European University
- 1991Rise of electronica
More in Society, economy & sport
- 22 March 1945Founding of Arab League
- 27 December 1945Founding of World Bank
- 14 September 1960Founding of Organization of the Petroleum Exporting Countries
- 8 December 1991Founding of Commonwealth of Independent States
- 1 January 1995Founding of World Trade Organization
- 4 February 2004Founding of Facebook
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.