The EBRD celebrates today its 20th anniversary, a press release informs. Since it began its work in 1991, the EBRD has played a key role in the economic transformation of a region that spreads from the Baltics to Mongolia, through central and eastern Europe, the Balkans, the former Soviet Union and most recently to Turkey. It has committed over EUR 60 bln to support the modernisation of economies and the development of the private sectors in these countries. In addition, the EBRD mobilised third party-financing to facilitate overall investments worth a total of nearly EUR 180 bln. By far the largest proportion of its investments have been with the private sector, but the EBRD has also made an important contribution to providing better municipal services to cities and towns throughout the region, improving the transport infrastructure and raising standards of the provision of water and other utilities.