On December 14, 2015, the Board of Governors of the European Bank for Reconstruction and Development (EBRD) approved that China be admitted to membership of the EBRD. China will become a member of the EBRD after completing the necessary domestic legal procedures.
The EBRD, established in 1991 and headquartered in London, is one of the most important international development financial institutions in Europe. China's accession will facilitate interactions between China's One Belt and One Road Initiative (also known as the Land and Maritime Silk Road Initiative) and the Investment Plan for Europe, and provide broad opportunities for Chinese companies and financial institutions to work together with the EBRD on joint projects and co-financing in Central and Eastern Europe, Southern and Eastern Mediterranean, and Central Asia. China's membership of the EBRD is in line with the interests of relevant parties, hence a win-win choice that will benefit various sides. After joining the EBRD, China will fulfill its obligations, actively take part in the EBRD's activities, and strengthen cooperation with the EBRD and its members through experience sharing, co-financing programs and development assistance.
Attachment: Q&A on China's Accession to the EBRD.doc
