From Longman Business DictionaryEuropean Bank for Reconstruction and DevelopmentˌEuropean ˌBank for Reconˌstruction and Deˈvelopment abbreviation EBRD nounBANKINGORGANIZATIONS a bank established in 1991 to provide loans and financial advice to countries in Europe that used to be economies controlled by the state but are changing to FREE MARKET economies
