aim - to facilitate the transition of seven centrally planned economies in Europe (Bulgaria, Czechoslovakia, Hungary, Poland, Romania, former USSR, and former Yugoslavia) to market economies by committing 60% of its loans to privatization
members - (35) Albania, Australia, Austria, Belgium, Canada, Cyprus, Denmark, European Community (EC), Egypt, European Investment Bank (EIB), Finland, France, Germany, Greece, Iceland, Ireland, Israel, Italy, Japan, South Korea, Liechtenstein, Luxembourg, Malta, Mexico, Morocco, Netherlands, NZ, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, UK, US; note - includes all 24 members of the OECD and the EC as an institution
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European Community (EC)
established - 8 April 1965
effective - 1 July 1967
aim - a fusing of the European Atomic Energy Community (Euratom), the European Coal and Steel Community (ESC), and the European Economic Community (EEC or Common Market); the EC plans to establish a completely integrated common market in 1992 and an eventual federation of Europe
members - (12) Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, UK
associate member - (1) Czechoslovakia
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