 | Transition Report 2009: Transition in crisis?
The global recession has plunged the transition region into crisis. But is transition itself in crisis? How have the institutions and policy frameworks that were the outcome of the transition process coped? Are the ideas that drove transition, which in addition to market reforms and trade integration also encompassed financial liberalisation and integration, still attractive? Lastly, is the future of transition in doubt? Will the crisis lead to a backlash against market-oriented reforms? These are the main questions addressed by the Transition Report 2009, which looks at how the crisis has unfolded in the region and how recent developments are challenging our understanding of the transition process. It concludes that the year 2010 should see a return to modest growth in most of the EBRD region. But medium-term growth prospects will depend on institutional reforms, integration, improved regulation, increased competitiveness and economic diversification. The Report analyses the remaining “transition gaps” in these and other areas in detail, drawing on a wealth of previously unpublished information.
Published November 2009 |
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 | Law in transition online 2009: Enhancing public access to legal information - fostering transparency
Legal reform is a core dimension of the EBRD's work. The Bank’s activities focus on the development of the legal rules, institutions and culture on which a vibrant market-oriented economy depends. Published twice a year by the Legal Transition Programme, Law in transition provides extensive coverage of legal developments in the region and aims to be a leading source of ideas for strengthening legal frameworks in the transition countries of Eastern Europe, the Caucasus and Central Asia. This latest issue of the journal focuses on how a number of countries in Eastern Europe and Central Asia, as part of the process of transition, have undertaken major reforms to ensure improved transparency in government, in business and in the legal environment. In some countries this has appeared to enhance public confidence in the reliability of legal information and provide incentives to investors. In this edition of Law in transition online a number of positive initiatives have been highlighted, some as the result of EU accession and others spurred by developments in the commercial environment.
Published October 2009 |
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 | Annual Report 2008 and Financial statements
Investing in energy efficiency in Ukraine. Adopting a new mortgage law in Moldova. Boosting meat production in Montenegro. Promoting agribusiness in Mongolia. The Annual Report 2008 demonstrates how the EBRD uses its investments, expertise and knowledge across sectors to bring sustainable growth and transition in its countries of operations from central Europe to central Asia. The year 2008 was an historic watershed: within twelve months the world moved from rapid economic expansion to the most severe contraction in living memory. These developments are arguably the biggest challenge the EBRD’s countries of operations have faced since the Bank was established in 1991. As the Report shows, the EBRD has reacted to the crisis with speed and resilience: available where and when finance and risk-appetite are needed to promote recovery and sustained growth.
Published May 2009 |
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 | Sustainability Report 2008
Sustainability underlies all EBRD investments: the Bank applies sound banking principles to all its operations, considers environmental, social and governance issues when approving new projects and encourages open dialogue and participation with key stakeholders. The Sustainability Report 2008 focuses on the Bank’s impact on people and the environment in its countries of operations and also describes how the Bank operates internally. It highlights the EBRD’s sustainability initiatives and projects and demonstrates that in a time of financial crisis the EBRD is even more ready to contribute to and achieve sustainable development. The Report covers all aspects of sustainable development, including environmental issues and wider social issues such as health and safety, gender, community impacts, human rights, stakeholder relations and corporate governance.
Published May 2009 |
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 | Donor Report 2009
The Donor Report 2009 highlights the crucial partnership between EBRD and its donors and official co-financiers in furthering transition in the Bank’s countries of operations. As the Bank moves further south and east in its operations, the role and contribution of donor support becomes even more critical, with the greatest challenge in the poorest, most highly indebted countries. Donor support for the Bank’s programmes is wide-ranging, from financing energy efficiency to ensuring nuclear safety, facilitating trade flows and encouraging gender equality and women’s participation in business. In 2008 the value of the EBRD’s partnership with donors was underlined as the economic crisis began to bite. As the EBRD looks to the challenging period ahead, it is clear that a concerted team effort with donors is crucial as the Bank rolls out its operational crisis response to countries and business clients in the region.
Published May 2009 |
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| Other Key titles |
| May 2009 | Sustainable Energy Initiative
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| May 2008 | Factsheets by country of operations
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| May 2008 | Histories of Hope - Personal reflections on transition in the EBRD region
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