The EBRD is comprised of shareholders from 60 countries and two intergovernmental institutions - the European Investment Bank (EIB) and the European Union (EU).
The Bank works in Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzogovina, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kyrgyz Republic, Latvia, Lithuania, FYR Macedonia, Moldova, Mongolia, Poland, Romania, Russia, Serbia and Montenegro, the Slovak Republic, Slovenia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan. It has country offices in most of its countries of operation (EBRD website).
Board of Governors
The main decision-making body of the EBRD is the Board of Governors. Each of the 62 shareholders appoints one Governor (typically the finance minister).
Board of Executive Directors
The Board of Executive Directors are appointed by the Board of Governors, and handles day-to-day operations at the institution. All policies, strategies, and loan agreements are presented to the Board for approval. There are 23 Executive Directors (EDs) with some EDs representing more than one shareholder. The amount of voting power for each shareholder is proportional to the amount of shares held. The EDs are responsible to the countries they represent, and it is therefore important that civil society approaches them with their concerns.
President
The Board of Governors also elects a President who acts as the chief of staff and is responsible for the current business of the Bank under the direction of the Board of Executive Directors. Jean Lemierre has been the EBRD president since July 3, 2000.
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