{"id":10974,"date":"2023-05-19T02:55:57","date_gmt":"2023-05-18T21:25:57","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=10974"},"modified":"2025-03-29T23:48:13","modified_gmt":"2025-03-29T18:18:13","slug":"european-bank-for-reconstruction-and-development-ebrd","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/european-bank-for-reconstruction-and-development-ebrd\/","title":{"rendered":"European Bank for Reconstruction and Development (EBRD)"},"content":{"rendered":"<h2><strong>About European Bank for Reconstruction and Development (EBRD):<\/strong><\/h2>\n<ul>\n<li>It is an i<strong>nternational financial institution<\/strong> with the mandate to <strong>promote transition towards a sustainable, open market economy <\/strong>and to f<strong>oster innovation<\/strong>.<\/li>\n<li>The EBRD w<strong>as created in April 1991<\/strong>t<strong>o help Eastern European and ex-Soviet countries transitioning into democracies<\/strong> by developing free-market economies after the fall of communism.<\/li>\n<li><strong>Headquarters: London<\/strong><\/li>\n<li>It <strong>provides project financing mainly for private enterprises,<\/strong> usually together with other commercial lending partners, i<strong>n countries that are committed to, and apply, democratic principles.\u00a0<\/strong><\/li>\n<li>It also <strong>works with public partners to support privatisation, restructuring<\/strong> and <strong>improvement of municipal services.<\/strong><\/li>\n<li>It p<strong>rioritizes support for countries in Central and West Asia, and North Africa.<\/strong><\/li>\n<li>It focuses on a<strong>dvancing developmental goals in finance and policy reform.<\/strong><\/li>\n<li>The organization also p<strong>romotes environmentally sustainable development and gender equality a<\/strong>nd promises to be fully transparent.<\/li>\n<li><strong>Membership<\/strong>: It is p<strong>ublicly owned by shareholders in 69 countries.<\/strong> I<strong>ndia became the EBRD&#8217;s 69th shareholder when it joined the Bank in July 2018.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What are free-market economies?<\/h3>\n<p>The free market is an economic system based on supply and demand with little or no government control. It is a summary description of all voluntary exchanges that take place in a given economic environment. Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/www.reuters.com\/world\/europe\/ebrd-pledges-more-support-ukraine-eyes-capital-boost-2023-05-18\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>EBRD pledges more support for Ukraine with capital boost<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EBRD is an international financial institution with the mandate to promote transition towards a sustainable, open market economy and to foster innovation.<\/p>\n","protected":false},"author":5,"featured_media":10975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-10974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/10974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=10974"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/10974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/10975"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=10974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=10974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=10974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}