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The EBRD Office of the Chief Economist (OCE) employs 20 economists and three counsellors. The OCE plays several roles. Its main objectives are to:
A main function is to strengthen the transition impact of projects. Our staff work closely with banking teams to assess the potential transition impact of projects and help build in transition-related features, for example through technical assistance or loan conditionalities. The OCE provides transition impact ratings for each project that the EBRD finances and monitors the transition achievements of projects after signing.
The OCE also helps to shape the Bank’s strategic direction. It contributes to country strategies and sector policies, collects and analyses country data, evaluates macroeconomic risks, and assesses countries’ progress in transition.
We also contribute to policy studies, which include the publication of Transition Report and Transition Report Update, a Working Paper series, the academic journal the Economics of Transition and other special reports.
View all EBRD publications
The OCE is led by Erik Berglöf, who took up the position as Chief Economist in January 2006.
Transition impact is a key principle of the EBRD’s project activities.
The EBRD collects a number of time series data.
The EBRD collaborates with a wide variety of organisations.
The EBRD undertakes surveys in a number of its operational areas.
The EBRD publishes a wide range of research papers and publications related to economics.

The Annual Report is one of the EBRD's flagship publications.

The Sustainability Report focuses on the Bank’s impact on the people and environment.

The Transition Report is a unique source of information on developments.

Donor funding helps the EBRD to address the challenges facing the transition countries.

The Financial Report includes the approved and audited financial statements.