2022: EBRD Public Sector Operations: Mobilising Private Sector Participation in Infrastructure
This evaluation provides a strategic review of EBRD’s Public Sector Operations (PSO), which is almost exclusively financing infrastructure. EBRD’s Sustainable Infrastructure Group (SIG) finances energy, transport, and municipal infrastructure in countries of operation (COOs) using a combination of debt, equity and technical cooperation (TC) grants. The evaluation assesses EBRD’s PSO contribution to structural and institutional change in its COOs that facilitated transition Impact (TI). The evaluation period is 2010-2020.
The evaluation is based on a Theory of Change (TOC), which identifies demand for public sector finance and assesses EBRD’s supply response. Objectives and results frameworks are drawn from EBRD strategies and financing documents. The evaluation looks at inputs (markets, products, policies, staff and finance). Results are assessed looking at benefits (relevance of objectives, and effectiveness of outputs, outcomes and impacts), and costs to EBRD (efficiency), relative to targets in results frameworks. Due to constraints arising from the Covid Crisis, it was not possible to make field trips to COOs to interview stakeholders. The study draws on desk research and remote interviews.
2022: Sustainable Infrastructure Operations in Advanced Transition Countries
The purpose of this evaluation is to provide evidence-based analysis contributing to: i) institutional accountability by evaluating the characteristics of the past operations against expectations; and, ii) institutional learning by offering insights relevant for the development of future strategies and project design.
It is structured around the three sub-sectors of Sustainable Infrastructure – Municipal and Environmental Infrastructure (MEI), Transport sector operations, and Energy sector operations. At the same time it focusses specifically on three individual Advanced Transition Countries, each of which had a critical mass of operations in one of the chosen sub-sectors. The objective was to be able to identify both common features and cumulative effects in the individual country contexts that are the Bank’s stated benchmark for transition progress. The selected sub-sector/country clusters were: i) MEI operations in Croatia; ii) Transport operations in Hungary; and, iii) Energy operations in Poland.
2018: Infrastructure Project Preparation Facility – Thematic evaluation
Large infrastructure financing gaps in EBRD countries of operation have long been identified as a key challenge and opportunity for the Bank. There is an increasing recognition that traditional government funding and methods are not sufficient to close growing gaps, and increased private sector engagement is now widely understood to be essential.
The EBRD Infrastructure Project Preparation Facility (IPPF) was a high profile initiative approved by the Board in October 2014 to scale up infrastructure support. As a “delivery mechanism to improve the efficiency, quality and replicability of infrastructure projects,” the IPPF is meant to help governments build an infrastructure project pipeline using additional and improved project preparation support along with policy dialogue.
On approval of the IPPF the Board requested a stock taking after three years and this interim review by the Evaluation Department is intended to assess IPPF’s performance against its wider objectives, identifying any early results and difficulties, and its potential to be a co-investment multi donor fund for specific countries and sectors.
2014: Private sector participation in municipal and environmental infrastructure projects - review and evaluation | Management Comments
This study provides a review and assessment of the Bank’s objectives and activities supporting private sector participation in municipal and environmental infrastructure (MEI) and services sector between 2001 and 2012. It explores the various channels through which these efforts were made, how strategy and operations evolved over the period, and how experience and results compared with expectations. The report’s main focus is on the private sector support dimensions of sector policies and country strategies, MEI operations classified as private, public with private sector components, and related technical cooperation activities.
2010: Municipal and environmental infrastructure operations policy review
This review of the current Municipal and Environmental Infrastructure Operations Policy, approved in 2004, is designed to provide lessons from past experience as input to the development of a new policy. Overall, EvD rates the Bank’s implementation of the 2004 Policy as ‘successful’.