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Evaluation of Hydrocarbon Projects

March, 2021

This report contains a review of the Bank’s hydrocarbon operations. It includes the evaluation of a sample of six projects, which is presented in the broader context of the Bank’s past hydrocarbon operations and portfolio analysis. It seeks to identify trends, as well as common lessons and themes that are relevant to this sector by utilising findings from the sample assessment and taking into account other recent evaluations. The linkages and incorporation of hydrocarbons into selected country and sector strategies are examined, along with how other IFIs approach hydrocarbons and how the EBRD collaborated with them.