Accelerating the digital transition, 2021-25
In its five-year Strategic and Capital Framework (SCF 2021-25), the European Bank for Reconstruction and Development (EBRD) committed for the first time to using the digital transition as an enabler of transition in all of the economies and sectors in which it invests.1 In this paper, the Bank sets out a framework for delivering on this commitment.
Access to Information Policy
The Access to Information Policy sets out the EBRD’s commitment to transparency and disclosure based on the principles of Transparency, Accountability, Good Governance and Client Responsibility to Affected Stakeholders, describes the principles of implementation arrangements as well as contains a limited list of exceptions to disclosure and corresponding overrides.
Addressing staff grievances
The Grievance Procedures and the Appeals Procedures establish a graduated and defined three-tier appeal mechanism under which a staff member can seek redress of any administrative decision that adversely affects him or her.
The EBRD will not provide financing or award any contract for the supply of goods, works or services to any person or entity that, according to the UN Security Council and/or the counter-terrorism subsidiary bodies of the Security Council, is or may be supporting terrorist activities.
Approval of new governance policies
On 7 May 2014, the EBRD Board of Directors approved revisions to three major governance policies: the Environmental and Social Policy, Public Information Policy, and Project Complaint Mechanism Rules of Procedure.
Basic documents of the EBRD
Capital Resources Review
The EBRD’s operations during the CRR4 period 2011-2015 will be guided by the strategic objectives endorsed by the Board of Governors at the 2009 Annual Meeting in London. A significant focus will be placed on tackling energy efficiency, climate change and helping to ensure energy security, as well as accelerating transition in the infrastructure sectors in the Bank’s countries of operations.
The EBRD’s Engagement with Civil Society: Roadmap (2017-20)
This paper outlines the way in which the EBRD’s engagement with civil society supports the priorities of the Bank’s Strategic and Capital Framework (SCF), namely promoting economic resilience, fostering regional integration and addressing regional/global challenges. Looking ahead to 2020, the Roadmap also outlines how civil society engagement can go even further to support the Bank’s efforts to reenergise transition, promote the qualities of a well-functioning market economy in line with the revised transition concept, as well as address key challenges faced by civil society in the EBRD region. This paper was approved by the Bank’s Strategy and Policy Committee on 21 December 2016.
Common Performance Assessment Report
The African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank are making good progress in adopting Managing for Development Results (MfDR) practices. These MfDR practices aim to improve the design, implementation, and evaluation of strategies and operations with a view to achieving relevant development results.
Conduct and Disciplinary Rules and Procedures
The Conduct and Disciplinary Rules and Procedures of the EBRD consists of rules and procedures for reporting and investigating suspected staff misconduct and for imposing disciplinary measures when misconduct has been established.
Domiciliation of EBRD clients
The EBRD supports international efforts to discourage money laundering, terrorism financing, tax evasion and other harmful tax practices. In that context, this Policy sets out the conditions under which the EBRD may finance a project when the borrower, the investee or a controlling entity is located in a third jurisdiction, i.e., a jurisdiction other than the country of operations where the project is located. This Policy was approved in January 2019, in response to developments in international tax policy, and entered into force on 1 July 2019 (superseding the policy that was approved in December 2013).
Economic Inclusion Strategy
Economic inclusion and inequality have become defining political, social and economic issues shaping the EBRD region today.This is the EBRD’s first Economic Inclusion Strategy that follows the update of the Bank’s transition concept that defined economic inclusion as one of the key qualities of a sustainable market economy.
The EIS solidifies the EBRD’s strong commitment to enhancing economic inclusion through its distinct private sector led approach in partnership with its clients and policy stakeholders. In this context, the Strategy draws on the Bank’s Environmental and Social Policy and aligns with the Strategy for the Promotion of Gender Equality (SPGE).
Enforcement policy and procedures
The Enforcement Policy and Procedures (“EPP”) of the European Bank for Reconstruction and Development (EBRD or the Bank) set out the Bank’s policy and procedures for processing allegations of fraud, corruption, collusion, coercion, obstruction, theft or misuse of the Bank’s resources or Bank’s assets in relation to activities and projects financed from the Bank’s ordinary capital resources (including the purchase of the goods, works or services for the Bank) or from Special Funds resources, or from cooperation funds administered by the Bank.
Environmental and social procedures
The EBRD is directed by its founding agreement to adhere to sound banking principles and to "promote in the full range of its activities environmentally sound and sustainable development".
The various ways in which the EBRD promotes such development are described in the Bank's Environmental and Social Policy.
One specific step taken by the Bank to address this mandate and the General Principles and Objectives set out in the Policy is to ensure that all of its investment and technical co-operation projects undergo environmental appraisal along with the financial, economic, legal and technical due diligence which is carried out, and ensure appropriate monitoring is undertaken following approval of projects by the Board of Directors.
For this the Bank has developed Environmental and Social Procedures.
Environmental and Social Policy
The Environmental and Social Policy is one of the Bank’s three good governance policies and a key document that guides the EBRD’s commitment to promoting “environmentally sound and sustainable development” in the full range of its investment and technical cooperation activities. It sets out the ways in which we implement this commitment in practice and on our projects.
Equality of Opportunity Strategy 2021-2025
Ethnic minorities and the EBRD
This paper explores the political aspects of the Bank’s mandate in relation to ethnic minority rights and suggests the Bank’s future approach. It does so because of the threat to democratic and economic progress from increasing tension in the Bank’s region of operations between many minority groups and their countries’ governments, and also from threats to peace between separate countries.
The approach taken is to consider the status of international and regional protection of the human rights of individuals belonging to minorities, particularly through those bodies or instruments cited in the Agreement Establishing the European Bank and in the Bank’s policy paper on Procedures to Implement the Political Aspects of the Mandate of the European Bank.
This policy establishes the scope and objectives served by evaluation in the EBRD.