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Legal Term - The European Bank for Reconstruction and Development (EBRD)
It isestablished in 1990 as an intergovernmental bank to lend money for business and industrial initiatives in central and eastern European nations. All of the nations that make up the European Union, the Organization for Economic Cooperation and Development, and the nations of central and eastern Europe are considered members. 51 percent of the initial funding came from the EU. London is home to the bank's headquarters.
It isestablished in 1990 as an intergovernmental bank to lend money for business and industrial initiatives in central and eastern European nations. All of the nations that make up the European Union, the Organization for Economic Cooperation and Development, and the nations of central and eastern Europe are considered members. 51 percent of the initial funding came from the EU. London is home to the bank's headquarters.
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