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Origins of the European Bank for Reconstruction and Development

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  • Weber, Steven

Abstract

In post–cold war Europe, international institutions associated with an earlier era of U.S. hegemony in the Western hemisphere continue to exist and in some cases are playing a significant role in managing a broad array of challenges. New institutions are also being created to manage new challenges. The European Bank for Reconstruction and Development (EBRD) may be the most visible example. On 29 May 1990, forty states and two European organizations signed articles of agreement to establish this new institution, whose declared purpose is “to foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in the Central and Eastern European countries committed to and applying the principles of multiparty democracy, pluralism, and market economies.”

Suggested Citation

  • Weber, Steven, 1994. "Origins of the European Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 48(1), pages 01-38, January.
    • Handle: RePEc:cup:intorg:v:48:y:1994:i:01:p:01-38_00
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    Cited by:

    1. Pissarides, Francesca, 1999. "Is lack of funds the main obstacle to growth? ebrd's experience with small- and medium-sized businesses in central and eastern europe," Journal of Business Venturing, Elsevier, vol. 14(5-6), pages 519-539.
    2. Susan Park, 2021. "Policy Norms, the Development Finance Regime Complex, and Holding the European Bank for Reconstruction and Development to Account," Global Policy, London School of Economics and Political Science, vol. 12(S4), pages 90-100, May.
    3. Mayer, Sebastian, 2006. "TACIS and EU's security of energy supply: the Commission as a strategic actor in external relations," TranState Working Papers 46, University of Bremen, Collaborative Research Center 597: Transformations of the State.
    4. Cupać, Jelena, 2020. "Orders, purposes, and tasks: How do states act in international security organizations?," Discussion Papers, Research Unit: Global Governance SP IV 2020-104, WZB Berlin Social Science Center.
    5. John S. Odell, 2003. "Making and Breaking Impasses in International Regimes. The WTO, Seattle and Doha," EUI-RSCAS Working Papers 1, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    6. Kenneth W. Abbott & Duncan Snidal, 1998. "Why States Act through Formal International Organizations," Journal of Conflict Resolution, Peace Science Society (International), vol. 42(1), pages 3-32, February.
    7. Steven Bernstein & Benjamin Cashore, 2007. "Can non‐state global governance be legitimate? An analytical framework," Regulation & Governance, John Wiley & Sons, vol. 1(4), pages 347-371, December.
    8. Christopher Kilby, 2006. "Donor influence in multilateral development banks: The case of the Asian Development Bank," The Review of International Organizations, Springer, vol. 1(2), pages 173-195, June.
    9. Christian Elliott & Steven Bernstein & Matthew Hoffmann, 2022. "Credibility dilemmas under the Paris agreement: explaining fossil fuel subsidy reform references in INDCs," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 22(4), pages 735-759, December.
    10. Stuart Shields, 2020. "The EBRD, fail forward neoliberalism and the construction of the European periphery," The Economic and Labour Relations Review, , vol. 31(2), pages 230-248, June.

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