Which bank was established in 1990 to encourage reconstruction and development in the eastern and central European countries?
A) The Ex-Im Bank
B) The Bank of America
C) The European Bank for Reconstruction and Development
D) The Inter-American Development Bank
E) The International Monetary Fund

Question

Quizplus · Accepted Answer

The European Bank for Reconstruction and Development (EBRD) was established in 1990 to encourage and support the reconstruction and development of economies in central and eastern Europe after the collapse of the Soviet Union. The bank aims to promote market-based economies and private sector development in these countries.

Which Bank Was Established in 1990 to Encourage Reconstruction and Development