Following the formal Review of the 2014 Public Information Policy, the Bank is pleased to announce its new 2019 Access to Information Policy and Directive on Access to Information, both of which came into effect in 2020.
The 2019 Access to Information Policy and Directive were approved by the EBRD Board of Directors on 25 April 2019 and by the EBRD President on 26 April 2019 respectively. They came into effect on 1 January 2020.
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. The EBRD shall, in accordance with the Access to Information Policy, disclose documents or information including but not limited to those expressly listed in the Directive on Access to Information. In addition, the Directive sets out certain implementation arrangements relating to the Access to Information Policy.
The 2019 Access to Information Policy and Directive were developed as a result of the 2014 Public Information Policy review, which involved extensive internal and external consultation over 18 months, culminating in a 45-day public consultation period on the draft Policy and in-person consultation events in eight countries.
An overview of the new Policy was provided at its official launch at the EBRD 2019 Annual Meeting in Sarajevo.
The Policy will be reviewed again in 2024. The Directive can be reviewed as and when needed, but at least annually at the time of preparation of the annual implementation report on the Policy.
The coronavirus pandemic has caused significant economic disruption in the EBRD’s countries of operations and the Bank has developed a comprehensive response to the crisis.
To ensure the timely delivery and efficacy of projects formulated as part of this response, the EBRD’s President has approved a deviation from the usual timelines for the disclosure of project-specific information.
For the purposes of Section IV, paragraph 1.4.2 of the Directive on Access to Information, disclosure of PSDs for projects approved under the EBRD coronavirus Solidarity Package, under the Direct Financing Facility Framework and under the Financial Intermediaries Framework, may be deferred. This deferral excludes category A projects.
PSDs for the aforementioned projects are to be disclosed as early as practicable, and in any event:
No later than 30 days before consideration of a project by the Board of Directors, for projects under the Vital Infrastructure Support Programme (VISP); and
No later than the date of signing, for projects approved under the:
- Resilience Framework;
- Direct Financing Facility Framework; and
- Financial Intermediaries Framework.
Such deviation, made in response to the coronavirus pandemic, shall apply to all the aforementioned projects until amended or withdrawn by the President.
Public Information Policy (2014)
The EBRD’s Public Information Policy (2014) embodied the Bank’s commitment to enhance the transparency of its activities and promote good governance as understood at the time.
The 2014 review was wide-ranging, including internal and external consultations and extensive meetings with representatives of CSOs.
Report on implementation of the Public Information Policy
The EBRD’s Public Information Policy committed the Bank's management to report to the Board of Directors on an annual basis on implementation of the Public Information Policy, with the findings to be made available on this website. In the interests of clarity and consistency the report addressed each PIP obligation and its implementation in the order in which these appear in the policy