EBRD Impact Briefs

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On a selective basis, EBRD’s Office of the Chief Economist conducts rigorous impact assessments of some of the Bank’s main operations. These studies comprise randomised controlled trials (RCTs), lab-in-the-field experiments, as well as quasi-experimental approaches. The EBRD Impact Briefs summarise the main findings of each of these studies in a non-technical and accessible format.

Transport infrastructure and regional growth: Evidence from roads and
railways across the EBRD regions

(2020). This Brief reports on recent EBRD research that estimates the impact of major investments to upgrade roads across Turkey as well as roads and railways in the Western Balkans.

Private equity and value creation

(2019). This Brief explores how private equity funds can help companies prosper. It documents a rich set of value-creation strategies followed by PE funds, which help boost investment, employment and sales and deliver returns to investors.

Gender discrimination in small business lending: Evidence from Turkey

(2019). This Brief reports on a randomised lab experiment with a Turkish bank to detect gender discrimination among lending staff. Though gender bias was widespread among staff, this did not cause explicit discrimination in loan approvals. However, for women, loan approval was more likely to be made conditional on the presence of a guarantor.

The impact of microcredit: evidence from across the world

(2015). Microcredit is designed to support entrepreneurship and alleviate poverty. Yet, this Brief explains that recent research from across seven countries has shown that giving poor people access to microcredit does not lead to a substantial increase in household income.

Group lending or individual lending?

(2012). Microfinance institutions across the world are moving from group lending to individual lending. Using data from  a randomised field experiment in Mongolia, this Brief presents some evidence on how types of microcredit affect borrowers.

Microfinance at the margin: Evidence from Bosnia and Herzegovina

(2012). A substantial part of the world’s population has no or only limited access to formal financial services. This Brief draws on a randomised field experiment in Bosnia and Herzegovina to analyse to what extent a lack of credit may inhibit entrepreneurship and perpetuate poverty.
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