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The European Bank for Reconstruction and Development (EBRD) is an international financial institution that was established in 1991 to support the development of market-oriented economies in countries in Central and Eastern Europe, Central Asia, and the Southern and Eastern Mediterranean. The EBRD provides a wide range of financial and advisory services to help these countries transition towards sustainable, open-market economies. This includes financing for private sector projects, infrastructure development, and support for small and medium-sized enterprises. The EBRD also focuses on promoting sustainable energy and resource efficiency, as well as fostering good governance and the rule of law in the countries where it operates. As of 2021, the EBRD has invested over €145 billion in various projects across its regions of operation.