EBRD

This report is meant as a background document for civil society in Mongolia and international groups to advocate for increased transparency and participation in priority energy projects; improved forecasts of power demand and alternatives for the sustainable development of the energy sector to benefit people and the environment and meet Mongolia’s commitments towards climate change mitigation; and an increased share of renewable energy in the Mongolian energy mix along with removing fiscal and financial barriers for renewable projects.

The Project Compliance Mechanism (PCM) is the EBRD's accountability mechanism for the assessment and follow-up of complaints about project financed by the bank. The PCM is a grievance mechanism for civil society, local groups and individuals that may be directly and adversely affected by a bank project. It's purpose is to help identify when the EBRD or its client has not fulfilled the obligations defined in the bank's policies and to facilitate a problem-solving process with the EBRD's client.

Harsh, embedded economic realities such as widespread, high unemployment across central and eastern Europe, as well as the discernible trend of democratic retrenchment in several EBRD recipient countries, are resulting in very mixed feelings about the transition process in this year of important anniversaries. This new analysis of how the EBRD conducts its financing and economic advisory activities finds serious deficiencies in the bank's overall 'market-oriented' approach and catalogues a range of startling EBRD interventions.