How the EBRD can seize the day in sustainable development

By Kindra Mohr, Accountability Counsel, for CEE Bankwatch Network

Last month against the striking backdrop of the Dead Sea in Jordan, delegates and dignitaries, public and private sector representatives, and members of civil society gathered for the European Bank for Reconstruction and Development’s 27th Annual Meeting and Business Forum. In his town hall with civil society, EBRD President Sir Suma Chakrabarti explained that more feedback from the ground makes the Bank’s projects better and investments smarter. As I’ve seen in my own work on the impacts of EBRD investments on communities, rhetoric about more feedback leading to smarter lending requires a renewed commitment through both policy and practice. The EBRD’s current comprehensive policy review provides a timely chance to integrate this commitment into the EBRD’s architecture. Continued leadership and incentives from the top are needed to then see the policy through to practice and impact…

Read the full blog here.