This study assesses the extent to which initiatives taken in equity investment and management by the EBRD from 2007 to 2011 are contributing to better achievement of the Bank's equity investment objectives.
The report also considers how far equity objectives are specified at entry in a way that is measurable and supports effective monitoring. The study is based on a desk review of core project records for a sample of 17 out of 116 direct equity investments. It is presented around the three components that form the ‚Äòequity story' in the EBRD and need to come together to support sound equity investment: value creation; transition impact; and risk.
A summary and management comments are also available.