Member's Documents
“Forging Resilience” - An Evaluation of the Transition Impact and Additionality of the EBRD’s MREL & Bail-in-able Products [2016-2023]
Published by: Independent Evaluation Department, European Bank for Reconstruction and Development
SDGs: SDG 17 - Partnerships for the Goals
This evaluation, the first for a multilateral development bank, assesses the EBRD’s additionality and transition impact in MREL and bail-in-able products from 2016 to 2023. While profitable and demand-driven, the EBRD’s approach has been projectbased, lacking consistent focus on systemic, market-level outcomes. The report warns of declining additionality in regulatory compliance as markets mature and emphasizes the need for clearer guidelines to foster capital market development and resilience. Although the EBRD has supported green finance, its impact on the green transition is limited without stronger mechanisms to track improvements in green lending behaviour.
