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This annual publication charts the progress of reform and identifies

Group lending or individual lending?
The Office of the Chief Economist (OCE) has several functions.
It assesses the transition impact of EBRD projects and the transition progress of the Bank’s countries of operations.
It also evaluates macroeconomic developments in the Bank’s countries of operations and produces regular economic growth forecasts, key economic vulnerability indicators, macro economic series and financial market data.
The Office plays a key role in the development of the Bank’s country and sector strategies by engaging in policy dialogue with the country authorities and other international financial institutions.
It also manages an economic research programme focused on topics of policy relevance to EBRD countries of operation or to EBRD operations. The programme comprises large surveys (in areas such as enterprise performance, business environment, management organisation, banking performance and people's lives in transition), rigorous impact assessments as well as other empirical and applied theoretical research. Research output is disseminated via the Transition Report, the Regional Economic Prospects, a Working Paper series and other special reports and surveys.
The Office of the Chief Economist plays an important role as the main voice of EBRD in the economics community and, along with the President, in the public policy debate. To this end, the Office also manages an extensive Outreach programme, including a range of activities, workshops, seminars, conferences and roadshows, both at the Bank’s HQ and in the region.
The Office of the Chief Economist is led by Erik Berglof, who took up the position of Chief Economist in January 2006.
Latest updates
Guest post: Latvia’s long day’s journey out of night [Financial Times - June 5, 2013]
EBRD: Growth to come [Financial Times - May 10, 2013]
EBRD 2013 [The Banker, May 10-11, 2013]
Transition to Transition Initiative
More news stories | Comment and analysis from the EBRD blog

Regional Economic Prospects published. Read the latest growth forecast tables, macro economic, structural and survey data.

A number of EBRD publications detail the OCE's work.

Learn about recent publication launches, presentations, speeches and interviews.

We carefully assess the transition impact of EBRD projects prior to signing.

Economic research is a core activity at the EBRD. Here we have profiled ten of our researchers together with lists of their publications.

The OCE plays several key roles within the EBRD.
Discuss draft country strategies
Reporting fraud and corruption
About our Public Information Policy
View all EBRD strategies and policies
Regional economic prospects
Transition Report
Life in Transition survey
Special report on climate change