The EBRD has completed an assessment of the restructuring frameworks across the EBRD regions in Europe, Asia and Africa. The assessment consists of an interactive main report and 40 jurisdictional profiles for the economies where we invest. It complements a number of debt restructuring and insolvency initiatives in response to the coronavirus pandemic.
Given the global scale of the crisis, businesses around the world have experienced an interruption in economic activity that may continue into 2021. Many businesses have needed to restructure both operationally and financially, while others have ceased to be viable. Ensuring that this does not translate into insolvent liquidation procedures for a majority of businesses and further economic damage is one of our key priorities.
The assessment focuses on all economies where the EBRD invests and identifies areas where policymakers and national authorities need to concentrate their efforts at providing more longer-term support to businesses to develop a rescue culture. The assessment includes benchmarking against countries, including England, France, Germany and the US, and a snapshot of best practices in insolvency.
All data that we collected during the assessment can be accessed here, together with the results of a short survey we completed in parallel on non-performing loans.