Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Regional

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Law and Government
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 21, 2025

Disclosed by Bank Sep 12, 2024

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the website, the Bank has been investing on average in 50-60 transactions related to state-owned enterprises (SOEs) per year, other through sovereign operations or through lending directly to SOEs. Although SOE transactions are less significant by number, they tend to be of higher value and have structural importance for EBRD economies. This makes EBRD investments - when coupled with well-structured policy dialogue component - a powerful vehicle for driving transition towards better governed and more competitive economies.

Competitiveness, Governance and Political Affairs and Legal Transition Team have been supporting the Banking teams in developing transition impact and reform agendas for SOE transactions as well as broader policy dialogue initiatives to drive reform of the SOE governance and sector regulation. This enabled both teams to develop and test significantly a set of standardized policy products that could be scaled effectively across the sovereign investment portfolio.

SOEs Management Assistance Reform and Transformation (SMART) TC Programme was established to address the increasing need from Banking teams for swift assistance from policy teams in delivering systematized and comprehensive policy offer for SOEs. The Programme enables CGPA and LTT policy teams to quickly set up and scale a set of predefined key TC policy products and tools linked to SOE investments and wider sector reforms in order to meet the demand, thus strengthening transaction-linked policy engagements to address economic governance bottlenecks in sectors with significant state presence across all countries of operation.

The SMART Programme is structured around four complementary policy support pillars: (i) Policy advisory and advocacy; (ii) Company and institution transformation; (iii) Cross-cutting programme and capacity delivery activities; (iv) Country platforms.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Investment amount not available at the time of disclosure.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html