Member's Documents
The EBRD’s 2010 Property Strategy was strongly shaped by the financial crisis of 2008, which hit the Property and Tourism sector (P&T) particularly hard. “Crisis response” was an immediate and dominant operational priority. Longer-term, the Strategy’s objectives were limited to a…
Member's Documents
Lending through financial intermediaries, widely known internally as “credit lines,” has been a significant part of the Bank's operations since its inception. Credit lines have allowed it to reach larger numbers of smaller borrowers than possible through direct lending, and alongside…
Member's Documents
The transport sector is a key enabler of economic growth and transition in the region and investment in the sector has been central to the Bank’s strategy and operations since its inception in 1992. This is a review of the Bank’s 2013 Transport Sector Strategy and resulting operations; it is…
Member's Documents
Mobilizing private capital has been central to the Bank’s core transition mandate since its founding, and to achieving major recent institutional commitments such as supporting the SDGs, climate resilience, and inclusion. Significantly greater private investment, both domestic and foreign, is…
Member's Documents
This study evaluates projects in the Russian rail sector conducted between 1996 and 2013. The portfolio represents €1.8 billion in EBRD investments supported by €6 million in technical cooperation initiatives. The projects are examined for their relevance to the EBRD's mandate,…
Member's Documents
The EBRD has long conducted transactions with state-owned enterprises to encourage reform and transition, through a blend of finance and analytical and advisory work. This evaluation examines EBRD transactions with these enterprises in the power and energy and transport sectors from 2000 to…