Special study: EBRD Policy Work in SEMED

The EBRD’s ability to combine non-sovereign investment and policy engagement was an important contributor to shareholders’ decision to offer membership to countries of the South-east Mediterranean and North Africa region (known as the SEMED region in EBRD) following the major political upheavals of 2011. EBRD’s experience with policy engagement work in these new and challenging member countries led to an opportunity for a provisional assessment of achievements. This evaluation reviews the content, objectives and, to the extent possible, performance of the Bank’s policy engagement in SEMED between 2011 and 2018. It looks at how the EBRD implemented the  2015 Enhanced and Structured Approach to Policy Dialogue in the SEMED region. The study provides findings for future policy work in SEMED, and potential new countries of operations.