The EBRD is the largest single investor in Central and Eastern Europe, and the Commonwealth of Independent States. It was established in 1991 with the aim of assisting with the transition to market-oriented economies and democracy.
The EBRD has invested more than $27 billion in 28 countries in the region since its establishment in 1991. The Bank provides loans, equity investments and guarantees for private and public sector projects in the areas of finance, infrastructure, industry and energy. It is based in London, England.
The primary civil society concerns with the EBRD include:
- weaknesses in environmental and social policies
- lack of transparency
- insufficient access and influence for local communities to projects that affect them, and
- the lending priorities of the Bank
Of particular concern have been projects related to hydrocarbon production and large infrastructure. The EBRD's Energy, Environmental, and Public Information Policies and the operation of its Independent Recourse Mechanism have also been the targets of some CSO advocacy efforts.
BIC is no longer monitoring the EBRD, but you can get updates on their most current projects through the CEE Bankwatch Network.
This page was last modified on May 7, 2012