European Bank for Reconstruction and Development (EBRD)

An institution established in 1991 after the dissolution of the countries of the former Eastern Bloc. Its business objective is to support countries in Central Europe, Eastern Europe and the Commonwealth of Independent States (CIS) in their transition from planned to market economies. One focus is on sectoral reforms as well as the promotion of competition, privatization, and the
The development of self-employed entrepreneurs. The bank contributes to this goal primarily through loans, equity investments and guarantees. The institute operates as a joint-stock company with its registered office in London. The EBRD’s shareholders are more than 60 countries and two intergovernmental institutions. – The EBRD’s reputation in the financial world is not exactly high. The bank has been described as an ideal refuge [even: dumping ground] for discharged politicians from member states. The EBRD’s self-portrayal on the Internet is undoubtedly excellent. However, it is not mentioned that in 2008 the annual salary of the president amounted to EUR 428,000 plus a company apartment in London and a company car with chauffeur. This is roughly twice the salary of the German Chancellor in the same year. – See Vienna Initiative.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/