Overview

Who we are

The EBRD is investing in changing people’s lives and environments across a region that stretches from central Europe to Central Asia, the Western Balkans and the southern and eastern Mediterranean.

Working together with the private sector, we invest in projects, engage in policy dialogue and provide technical advice that fosters innovation and builds sustainable and open-market economies.

What we do

We provide funds for well-structured, financially robust projects of all sizes (including many small businesses), both directly and through financial intermediaries such as local banks and investment funds. The Bank works mainly with private sector clients, but also finances municipal entities and publicly owned companies.

Our principal financing instruments are loans, equity investments and guarantees. We maintain close policy dialogue with governments, authorities, international financial institutions, and representatives of civil society, and provide targeted technical assistance using funds donated by member governments and institutions.

Where we work

We invest in more than 30 countries from central Europe to Central Asia, the Western Balkans and the southern and eastern Mediterranean.

EBRD region of operations

operations map

Central Europe and the Baltic states

01 Croatia
02 Estonia
03 Hungary
04 Latvia
05 Lithuania
06 Poland
07 Slovak Republic
08 Slovenia

South-eastern Europe

09 Albania
10 Bosnia and Herzegovina
11 Bulgaria
12 FYR Macedonia
13 Kosovo
14 Montenegro
15 Romania
16 Serbia

Eastern Europe and the Caucasus

17 Armenia
18 Azerbaijan
19 Belarus
20 Georgia
21 Moldova
22 Ukraine

Central Asia

23 Kazakhstan
24 Kyrgyz Republic
25 Mongolia
26 Tajikistan
27 Turkmenistan
28 Uzbekistan

Southern and eastern Mediterranean

29 Egypt
30 Jordan
31 Morocco
32 Tunisia

33 Russia
34 Turkey

 

Introduction(447kb)


Key developments in 2013

In 2013 the EBRD provided strong support to emerging economies, helping them back to a path of recovery despite a difficult business environment marked by general reticence on the part of investors. The Bank invested €8.5 billion in 392 projects across more than 30 countries, coming close to the record set in 2012 of 393 projects. Its priority throughout the year was to maintain its position as a reliable partner while also breaking down barriers to investment and promoting reforms that will encourage sustainable future growth. Robust financial results at the end of the year put the Bank in a strong position for the work ahead.

Overview (885kb)


Activities by sector

To improve the lives of people in the countries where it invests, the EBRD promotes sustainable growth and the development of the private sector. To achieve this we make integrated use of investment, technical cooperation and policy dialogue in key areas of the economy, including the financial, SME and corporate sectors and infrastructure, power and natural resources.

Activities by sector (1.2mb)


Policy dialogue and initiatives

To maximise the impact of our operations, we conduct policy initiatives in areas of strategic importance to the countries where we invest. Aimed at addressing key transition challenges, these benefit from strong donor support. They blend investments, policy dialogue, technical cooperation and knowledge and capacity-building. Key areas of focus include energy and the power sector, as well as our work in local currency and capital markets and regional initiatives in the early transition countries (ECTs) and the Western Balkans. In 2013, we also built on our achievements under the Legal Transition Programme, and continued to work with IFIs and partner organisations through the Vienna Initiative and IFI Action Plan.

Policy dialogue (994kb)


Donor partnerships

Donors are active throughout the EBRD region and play a major part in the transition process by providing financing that helps to prepare the way for Bank projects, foster reform and improve the investment climate. In 2013 they contributed €349 million in donor financing. Climate change, SME support, opportunities for women, access to local currency finance and food security are key priorities for donors and their grants act as a catalyst for EBRD investments. In 2013, we began implementing changes to the reporting process for technical cooperation projects to capture their outcome more clearly and to include them in the Bank’s overall scorecard.

Donor partnerships (374kb)


Organisation and governance

The commitment and talent of our staff are crucial to the EBRD’s success, and our internal modernisation programme aims to further strengthen performance, improving corporate leadership, inclusion and diversity. In addition, the highest standards of governance, integrity and transparency and a commitment to environmental and social sustainability lie at the heart of the EBRD’s mission. In 2013, we continued our strong engagement and dialogue with stakeholders across the region.

EBRD organisation chart

Engagement with civil society

Civil society organisations are both influential audiences and partners of the EBRD in the countries where we invest. They make an important contribution to the development of our policies, strategies and the implementation of projects, particularly on complex, large-scale operations.

Civil society plays a key role in promoting public dialogue about decisions that affect the lives of local people and environments, as well as holding governments and policy-makers publicly accountable. Our open communication with civil society enhances the Bank’s effectiveness and impact across our region of operations. ?Read more.

Organisation and governance (499kb)

 

 

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About this report

The EBRD’s Annual Report 2013 provides a comprehensive overview of our activities and achievements in the countries where we invest.

The report demonstrates that, amid economic turbulence and the deterioration of economies, the EBRD remains a strong, resilient and trusted partner.

It describes the transition impact of the Bank’s investments, projects and policy work, highlights its innovation in key sectors and geographical initiatives, and shows how the EBRD continues to promote sustainable growth and recovery.

Who we are

The EBRD is investing in changing people’s lives and environments across a region that stretches from central Europe to Central Asia, the Western Balkans and the southern and eastern Mediterranean.

Working together with the private sector, we invest in projects, engage in policy dialogue and provide technical advice that fosters innovation and builds sustainable and open-market economies.

What we do

We provide funds for well-structured, financially robust projects of all sizes (including many small businesses), both directly and through financial intermediaries such as local banks and investment funds. The Bank works mainly with private sector clients, but also finances municipal entities and publicly owned companies.

Our principal financing instruments are loans, equity investments and guarantees. We maintain close policy dialogue with governments, authorities, international financial institutions, and representatives of civil society, and provide targeted technical assistance using funds donated by member governments and institutions.

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