1. EBRD support to anti-corruption efforts
Luisa Balbi, Principal Manager
Civil Society Engagement, EBRD

2. Agenda The EBRD in short
The Investment Climate and Governance Initiative
Civil Society Capacity Enhancement Framework
EBRD Headquarters in London

3. WHO WE ARE
The EBRD invests to build up effective market economies in countries across three continents and to make a positive impact on people’s lives.
With a focus on private sector investment and support for policy reform, we work to ensure that economies in our regions are competitive, inclusive, well-governed, green, resilient and integrated.

4. WHERE WE ARE

5. 1991 67 countries €30 billion Triple-A rating Shareholding Established
The EBRD is owned by
67 countries
from five continents, as well as the European Union and the European Investment Bank. These shareholders have each made a capital contribution, which forms our core funding.
Capital base
€30 billion
Triple-A rating
from all three main rating agencies (S&P, Moody’s and Fitch)
EU28 countries
Includes European Community and European Investment Bank (EIB) each at 3%. Among other EU countries: France, Germany, Italy, and the UK each holds 8.6%
EBRD region
Excluding EU, Russia at 4%
USA
Japan
Other
Including China and India
As at January 2018
18 January, 2019

6. Our Transition Qualities
Competitive
Building dynamic and open markets that stimulate competition, entrepreneurship and productivity growth.
Well-governed
Promoting the rule of law, transparency, and accountability, and stimulating firms to adequately safeguard and balance the interests of their stakeholders.
Inclusive
Building inclusive market economies which ensure equal economic opportunity for all and leave no group behind.
Integrated
Building geographically integrated domestic and international markets for goods, services, capital and labour.
Resilient
Building resilient market economies that can withstand turbulence and shocks.
Green
Building green, sustainable market economies which preserve the environment and protect the interests of future generations.

7. €119.6 billion (since 1991) €9.67 billion (in 2017)
Results
Net cumulative Bank investment
€119.6 billion (since 1991) €9.67 billion (in 2017)
Number of projects
5,035 (since 1991) 412 (in 2017)
Cumulative disbursements
€91.5 billion
Private sector share of cumulative investment 79%
As at December 2017
18 January, 2019

8. Portfolio Overview
Regional (€ billion)
As at January 2018

9. Western Balkans: At a glance
Total cumulative EBRD investments: EUR 10.3 billion in 595 projects
Active portfolio: EUR 5 billion
Annual new business: up to 1 billion
WB is atypical for EBRD - Large share in the public sector due to significant infrastructure investments and weak private sector
Cumulative grants commitments: about EUR 0.5 billion
Of which 40% is EU bilateral funding
Unaudited results 2017

10. Policy and Investment Context
Western Balkans
Policy and Investment Context
Governance & Investment challenges
Strategic Priorities
Strong political influence on & weak economic performance of SOEs
Unfair competition due to grey economy & SOEs
Corruption: legal and judicial system
Constricted fiscal space – need for IFIs to co-ordinate
High euroisation and corporate indebtedness
Difficult access to finance for SMEs
Underinvested / poor infrastructure
Limited overall and individual market size
Ministries and municipalities lack technical and financial capacity to develop projects
Environmental legacies
Regional Connectivity in infrastructure & cross -border initiatives
Regional Energy development with focus on electricity market liberalization & cross-border access; alternative energy sources
Business Environment (Regional Economic Area – ‘soft connectivity’), improved Rule of Law – needed to Strengthen the Private Sector : support to microfinance and SMEs, and Innovation
Digital Connectivity
Inclusion: with focus on youth employment
Capital Market Development
Addressing environmental legacies and investing in climate resilience measures - prepare for drought and flooding
18 January, 2019

11. As well as Grants & Financial Instruments
Transactional grants
Non-transactional grants
TCs for project preparation and implementation
Capital grants
Incentives
Risk Sharing/
Guarantees
SME advisory services
Research, Legal and Regulatory reforms
Policy reform
Capacity building
Funded by donors
In addition, donors (predominantly global climate funds) provide funding in form of concessional finance.

12. Investment Climate and Governance Initiative Programmes in the Western Balkans
5 ICGI country programmes:
Albania and Serbia programmes launched in 2014 and 2015, respectively.
MoU with Kosovo signed in 2017.
BiH and Montenegro MoUs signed in 26 February 2018.
ICGI scoping mission to FYR Macedonia in March 2018
Large portfolio of projects in Albania and Serbia and robust pipeline of projects in all five countries including:
Capacity-building in state institutions of economic governance
Public-private dialogue platforms (‘Investment Councils’)
Business registration
Alternative dispute resolution (ADR, commercial mediation and arbitration)
Anti-corruption / business integrity and compliance
Corporate governance, particularly in state-owned enterprises
Public procurement reform
Strengthening competition law and building capacity in Competition Authorities

13. ICGI Regional projects in the Western Balkans
Under Implementation:
Western Balkans Regional Business Registries Portal- Unified business registry covering the whole region
WB Chamber Investment Forum and Online Investment Platform- Regional Chamber with permanent Secretariat headquartered in Trieste
Enhancing the capacity of civil society and the private sector to fight corruption- United Nations Office for Drugs and Crime
Under Development:
WB Network for Integrity and Compliance- Business-led forum to disseminate international best practice standards and lobby regional governments to strengthen compliance requirements
WB Competition Forum- Network of regional Competition Authorities aimed at enhancing knowledge-sharing and best practice stands on competition law enforcement
WB Regional Business Friendly Network- Institutionalisation of ‘Business Friendly Environment’ certification programme with policy reform dimension

14. CSO Capacity Enhancement Framework

15. CSO Capacity Enhancement Framework
As of the end of 2017, the donor
resources mobilised for 19 EBRD TC
projects is €5.2 million and each focus
area is currently allocated a percentage
of the budget as follows:

16. Governance Partner: UNODC EBRD contribution: 293,500 Euro
Target beneficiaries: civil society organisations, business association and private sector development organisations
Activities: Sarajevo, 29 September 2017
Training on:
Developing Effective Anti-Corruption Ethics and Compliance Programmes
Shaping Corporate Cultures to Enhance Ethics and Compliance Programmes
Regional Anti-Corruption Trend and Frameworks
Collective Action to Enhance Business Integrity in the Balkans

17. Thank you for your attention