Basic documents of the EBRD

The Agreement Establishing the European Bank for Reconstruction and Development was signed in Paris on 29 May 1990. The Agreement entered into force on 28 March 1991. The Inaugural Meeting of the Board of Governors was held in London from 15 to 17 April 1991.

At the Inaugural Meeting, the Board of Governors elected the President and Directors of the Bank and adopted Resolution No 8 authorizing the Bank to commence operations on 15 April 1991. The Board of Governors also adopted, effective as of 15 April 1991, the By-Laws of the Bank and the Rules of Procedure of the Board of Governors.

The Headquarters Agreement between the Government of the United Kingdom and the Bank was signed on 15 April 1991 and, in accordance with Article 24 thereof, entered into force upon signature.