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EBRD - INDIA
March 10 , 2018
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- India will become the 69th member of EBRD. The shareholders of European Bank for Reconstruction and Development (EBRD) have given their approval for India's membership in the international financial institution.
- After India becomes the 69th member of EBRD, Indian companies can undertake joint investments in regions in which the EBRD operates Reconstruction and Development work.
- The decision is followed by Indian government’s application to seek the EBRD membership back in December 2017.
EBRD
- EBRD is an international financial institution founded in 1991 and headquartered in London.
- It is owned by 65 countries and two EU institutions, and US is the biggest shareholder.
- Besides Europe, member countries of the EBRD are also from other continents
- North America - Canada and US
- Africa - Morocco
- Asia - Japan, China, South Korea
- EBRD's core operations pertain to private sector development in their countries of operation.
- The minimum initial investment towards the membership of EBRD will be approximately one million Euros.
- The EBRD is not to be confused with the European Investment Bank (EIB) which is owned by EU member states and used to support EU policy.
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