EBRD's Organisational Transformation in Turbulent Times
Lessons from MOPAN’s Assessment of EBRD for MDB Reform and Beyond.
MOPAN has recently completed its first assessment of the European Bank for Reconstruction and Development (EBRD). Overall, the assessment confirms the continued relevance of EBRD’s mandate and highlights its leadership on global issues such as climate change. It documents the progress it has achieved in strengthening key functions such as risk management and private capital mobilisation. These achievements have occurred amidst EBRD’s efforts to adapt its activities to an increasingly complex operating environment and reinforce delivery of its comparative advantage. At the same time, the assessment highlights emerging challenges for EBRD’s future trajectory, including the need to better demonstrate its contribution to transition results through investment, knowledge and advice.
EBRD has implemented transformational changes in a challenging global context. This includes global and regional crises that have yielded innovations, highlighted pain points and driven further reform. This article presents the highlights of EBRD’s transformation journey, identifies its ongoing challenges and poses relevant lessons for broader MDB reform.
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