Search
Log in

Search

Search

Other ways to explore content

EBRD projects News stories Contacts

Life in Transition Survey

The EBRD is committed to furthering the transition to market economics and promoting the development of the private sector and entrepreneurial initiative. These have been its guiding principles since its creation at the beginning of the 1990s, when the EBRD was heavily involved in areas such as banking-sector reform, price liberalisation, the privatisation of state-owned companies and the creation of proper legal frameworks.

While the Bank remains as committed to fulfilling its original mandate as ever, its understanding of what the transition to market economics actually entails has evolved in recent years. At the beginning of 2017, for example, the EBRD began applying a new transition concept, which defines a “well functioning market economy” as more than just competitive; it should also be inclusive, well governed, green, resilient and integrated. 

Every few years, the EBRD conducts the Life in Transition Survey (LiTS) – a major survey of households and individuals in the economies where it invests – in collaboration with the World Bank in order to inform its operations.

To date, four waves have been conducted, in 2006, 2010, 2016 and 2022.