The Book of European Bank for Reconstruction and Development was launched

The monograph of European Bank for Reconstruction and Development (EBRD) by Dr. CAO Hui, the associated research fellow, was jointly launched by the Institute of European Studies at the Chinese Academy of Social Sciences and Social Sciences Academic Press (China) in Beijing on 31 August 2021.  

At the press, more than 40 experts, scholars and editors from The Chinese Academy of Social Sciences, Social Sciences Academic Press, Development Research Center of The State Council, University of International Business and Economics, and China Institute of International Studies held a heated discussion on the book. Prof. TIAN Dewen, the deputy director of the European Institute, pointed out that the publication of the book is timely and provides a good sample of fundamental research for China's participation in global governance. Prof. CHEN Xin, the deputy director of the European Institute, concluded that, as an international institution, the EBRD is worth learnt by its domestic counterparts in the aspects of "research first, theory-driven, standard-setting" etc. Senior scholars from different academic backgrounds, including Prof. DING Yifan, Mr. GU Junli and Mr. ZHANG Jianxiong, shared their experiences and views on the book. 

The book systematically introduces the EBRD from the aspect of history, overview, operation model, relations with China and its prospects and prospects of the EBRD, which is of great reference value for readers to understand the institution. 

The European Bank for Reconstruction and Development (EBRD) emerged in the process of European integration. Founded on 14 April 1991 and headquartered in London, EBRD’s main mission is to assist the reconstruction and rehabilitation of central and Eastern European countries after the Cold War and support their transition to a market economy. 


European Bank for Reconstruction and Development 

AuthorDr. CAO Hui 

Publisher: Social Sciences Academic Press (China) 

According to the book, supporting market transition and promoting sustainable development are the two main functions that the EBRD has been given. Since 2016, the EBRD has published annual transition reports for all operating countries in six quality areas: competitiveness, governance, green, resilience, inclusion and integration, based on the "Assessment of Transformational Governance" scoring method. In May 2015, the EBRD released the Green Economy Transition (GET) approach, which places investments with environmental benefits at the heart of its strategic development. Between 2016 and 2020, the EBRD invested 18 billion euros in the transition to a green economy. 

In January 2016, China officially became a member of the European Bank for Reconstruction and Development. China's accession to the EBRD meets the development needs of both sides. The EBRD's unique operation model and the skill of reviewing and supervision mechanism provide a reference model for the development of multilateral financial institutions in China.