The EBRD's Procurement Policies and Rules (PP&R) are based on the fundamental principles of non-discrimination, fairness and transparency. They are designed to promote efficiency and effectiveness and to minimise credit risk in the implementation of the Bank's lending and investment operations.
EBRD Financing of Private Parties to Concessions
On 1 May 2001, the Bank’s Board of Directors discussed and approved a paper clarifying the Bank’s approach to concession financing and elaborating on the issues involved when the Bank considers financing transactions involving concession or similar contracts awarded to private parties. These issues concern both the process by which the Concession has been awarded as well as the fairness and reasonableness of the Contract terms and conditions. The Concession Policy was revised in 2015 and approved by the Board on 11 November 2015. The revised policy will apply to all concessions reviewed by the Bank after this date.