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Overview: about the EBRDWho we are
Overview: about the EBRD
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Explore the EBRD’s journey over the decades, investing in businesses, supporting economies and driving lasting change across its regions.
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Overview: how the EBRD operates
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Light
Eng
Eng
Evaluation of the Legal Transition Programme
November 2020
Background
The LTP is the EBRD’s flagship provider of legal and regulatory advisory work and technical assistance, combining it with investment activities to support the legal reforms needed to strengthen investment climates and build markets. Its four key work areas are international legal standards and best practices, country legal assessments and diagnostics, support for legal reforms and building the institutional capacity, and outreach and knowledge sharing.
LTP is or has been present in all countries of operation and in practically all sectors of Bank operations. During the evaluation period of 2011-18, it has delivered around 230 technical cooperation projects for the total amount of €78 million of mostly donor funds. This evaluation is one of the regular reviews of LTP’s work – EvD previously evaluated the LTP’s perform ance in 2001 and 2012. The findings of the 2012 review were used as the baseline for measuring progress in the programme’s delivery and results.
Main findings
LTP work, which is primarily demand-driven, is highly appreciated by external clients and sought after by internal Bank teams.
By bundling highly focused legal support with mainstream operational work across 25 years, the LTP has become a distinctive institutional asset for EBRD in its efforts to improve the investment climate in the countries of operation. It is a key part of the EBRD’s unique institutional offer and a key differentiator versus other IFIs and private sector financiers.
LTP activities contribute significantly to estimates of expected transition impact, especially under the “well-governed” and “competitive” transition qualities. A high intensity of LTP interventions, delivered in close partnership with other Bank departments, is associated with greater improvements.
LTP’s internal visibility has improved, and it is one of the most active parts of the Bank in sharing knowledge products, although there is a substantial need and an unexploited potential for better knowledge management.
LTP contributes to the delivery of country strategic priorities and priority policy objectives. The uptake of LTP reforms is significant in many countries, and some achieved substantial breakthrough. Evidence suggests long-term engagement with multiple partners enhances the prospects for reform.