Member's Documents
EBRD Public Sector Operations: Mobilising Private Sector Participation in Infrastructure
Published by: Independent Evaluation Department, European Bank for Reconstruction and Development
This evaluation provides a strategic review of EBRD’s Public Sector Operations (PSO), which is almost exclusively financing infrastructure. EBRD’s Sustainable Infrastructure Group (SIG) finances energy, transport, and municipal infrastructure in countries of operation (COOs) using a combination of debt, equity and technical cooperation (TC) grants. The evaluation assesses EBRD’s PSO contribution to structural and institutional change in its COOs that facilitated transition Impact (TI). The evaluation period is 2010-2020.
The evaluation is based on a Theory of Change (TOC), which identifies demand for public sector finance and assesses EBRD’s supply response. Objectives and results frameworks are drawn from EBRD strategies and financing documents. The evaluation looks at inputs (markets, products, policies, staff and finance).
Results are assessed looking at benefits (relevance of objectives, and effectiveness of outputs, outcomes and impacts), and costs to EBRD (efficiency), relative to targets in results frameworks. Due to constraints arising from the Covid Crisis, it was not possible to make field trips to COOs to interview stakeholders. The study draws on desk research and remote interviews.
Additional Documents
