India a shareholder of European Bank for Reconstruction and Development

India's application for membership filled in December 2017, was unanimously accepted by The EBRD board of governors. India will not be a recipient of EBRD financing, despite holding a shareholding in the EBRD.

EBRD inaugural business forum, held in Mumbai was co-hosted with the Federation of Indian Chambers of Commerce and Industry (FICCI) and with the support of the Export-Import (EXIM) Bank of India. The conference was held under the banner of "Mobilising private sector finance in the EBRD region and how Indian companies can benefit".

EBRD is already working closely with leading Indian organisations including International Solar Alliance (ISA), FICCI, the Confederation of Indian Industry (CII) and the Associated Chambers of Commerce & Industry of India (ASSOCHAM).

Indian enterprises like Tata, Jindal and Mahindra and Mahindra already have joint projects with EBRD worth almost one billion euros. India's membership will help in further joint investment prospects in markets such as Central Asia, Egypt and Jordan.

What is European Bank for Reconstruction and Development ?

The European Bank for Reconstruction and Development (EBRD) founded in 1991, is a multilateral developmental investment bank that uses investment as a tool to build market economies.

The bank initially focused on the countries of the former Eastern Bloc in the process of establishing their private sectors, is now supporting development in more than 30 countries around the world, where United States is the biggest shareholder.

The bank Headquartered in London, invests in private enterprises and commercial partners along with public sector shareholders. The bank has a unique feature to not finance coal power plants due to their environmental impact and supports the Paris climate goals to support green economy.

In order to promotes "environmentally sound and sustainable development", the bank does and does not finance "defense-related activities, the tobacco industry, selected alcoholic products, substances banned by international law and stand-alone gambling facilities.

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