Evaluation of the Shareholder Special Fund (2016-20)

The EBRD Shareholder Special Fund (SSF) was established in 2008 so the Bank could respond more effectively to the remaining transition challenges in its region of operations by providing essential grant resources – technical cooperation and co-investment grants – to support the Bank’s operations and policy dialogue. Since its inception, more than €1.1 billion of the Bank’s net income allocation has been channelled through the SSF, supporting upwards of 2,200 TC and co-investment grant projects throughout the EBRD regions. In parallel to backing the Bank’s transition agenda, the SSF has also become an integral part of its crisis response toolbox.  The last full evaluation of the SSF took place in 2014. This latest evaluation offers an independent, comprehensive up-to-date assessment of the Fund. It looked principally at the period January 2016 to December 2020, though it also considered changes in and performance of the SSF since, where relevant.