Resilience Framework (EBRD-51974)

Regions
  • Europe and Central Asia
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
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 13, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
European Bank For Reconstruction and Development
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 4,726.61 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 4,000,000,000.00
Converted using 2020-11-05 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 23, 2020

Disclosed by Bank Nov 5, 2020


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Project Description

The COVID-19 pandemic and its economic consequences present an unprecedented challenge to the EBRD and its countries of operations. To respond in solidarity with its shareholders, countries of operations, partners and clients, within its mandate, the Bank established the Resilience Framework comprising new and additional funding with tenors of up to three years for the Bank's existing clients.

The COVID-19 pandemic is unprecedented. Its economic impacts are profoundly affecting all 38 economies in the Bank's regions of operations across all sectors. During the period of major disruption, it is vital to ensure that enterprises and financial institutions with otherwise solid business models have adequate access to liquidity. The Bank's support is required to avoid long-term adverse consequences, including to business sustainability and reversals of transition impact.

 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project contacts not 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