KFICA Members list
General information about the EBRD
European Bank for Reconstruction and Development was established in 1991 to help build a new, post-Cold War era in Central and Eastern Europe. The EBRD is committed to furthering progress towards ‘market-oriented economies and the promotion of private and entrepreneurial initiative’.
With an emphasis on working with the private sector, Bank invest in projects, engage in policy dialogue and provide technical advice that fosters innovation and builds sustainable and open-market economies. EBRD provides direct financing for well-structured, financially robust projects of all sizes (including many small businesses), both directly and through financial intermediaries such as local banks and investment funds. The Bank works mainly with private sector clients, but also finances municipal entities and publicly owned companies. Principal financing instruments are loans, equity investments and guarantees.
EBRD maintain close policy dialogue with governments, authorities, international financial institutions, and representatives of civil society, and provide targeted technical assistance using funds donated by member governments and institutions.
The Bank is committed to promoting environmentally and socially sound and sustainable development. We seek to ensure that our projects are socially and environmentally sustainable, respect the rights of affected communities, and are designed and operated in compliance with applicable regulatory requirements and international good practices.
The EBRD member countries
The EBRD is owned by 65 countries and 2 international organizations: European Union (EU) and European Investment Bank. The EBRD invests in 36 countries spanning three continents -- from Mongolia in Central Asia to Morocco on the shores of the Atlantic Ocean, from Estonia on the Baltic to Egypt on the Mediterranean. Kazakhstan is a member of the EBRD.
The supreme body of the EBRD’s Board of Governors
All the EBRD powers are vested in the Board of Governors. Each shareholder is appointing its own Governor, generally, in the name of Minister of Finance or a person holding a similar position. The Board of Governors has delegated most of its powers to the Board of Directors who is responsible for managing general operations and implementing the EBRD policy instruments.
The Board of Governors is electing President, who is the legitimate representative of the EBRD. The President shall exercise operational management of the EBRD in compliance with instructions developed by the Board of Directors.
The EBRD has been supporting the economy of Kazakhstan for over 20 years. One of priorities of the EBRD in the country is to help regional diversification, and to invest in projects away from the two main cities, so that citizens in all regions of Kazakhstan can benefit. The EBRD has invested about US$ 6.5 billion in Kazakhstan since it began operations there almost 23 years ago. These investments have supported over 200 different projects. As EBRD President, Sir Suma Chakrabarti, has noted, Kazakhstan has the potential to be one of the Bank’s largest markets.