European Bank for Reconstruction and Development

(asked on 26th January 2017) - View Source

Question to the HM Treasury:

To ask Her Majesty’s Government, in the light of the UK's exit from the EU, whether the UK will cease to be a full member of the European Bank for Reconstruction and Development; and if so, when the Bank will relocate away from the UK.


Answered by
Baroness Neville-Rolfe Portrait
Baroness Neville-Rolfe
Shadow Minister (Treasury)
This question was answered on 9th February 2017

The European Bank for Reconstruction and Development (EBRD) is an international organisation and not an EU institution. The UK’s exit from the EU should not therefore impact on our membership of the EBRD, nor should it have any bearing on the Bank’s headquarters being located in London, which is enshrined in the EBRD’s Articles of Agreement.

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