ED­I­TORS’ NOTE:

Economy of Belarus - - MACROECONOMICS -

The Euro­pean Bank for Re­con­struc­tion and Devel­op­ment (EBRD) was es­tab­lished in 1991. The EBRD is com­mit­ted to fur­ther­ing progress to­wards mar­ket-ori­ented economies and pro­mot­ing pri­vate and en­tre­pre­neur­ial ini­tia­tive. The EBRD serves the in­ter­ests of all its share­hold­ers – 65 coun­tries plus the Euro­pean Union and the Euro­pean In­vest­ment Bank.

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