Bankwatch comments on EBRD country level transition indicators

Bankwatch welcomes the EBRD's ongoing revision of its transition indicators. For some time we have felt a disconnection between the situation in the EBRD's countries of operation and the level of transition success shown by the country-level indicators.

While it may be argued that the indicators relate to transition and not to the health of the society and economy as a whole, we believe that unless the transition leads to a healthy society and environment, it is not a transition worth pursuing. Our comments are therefore premised on the point that the ultimate goal of transition is not only a market economy, but an environmentally sustainable and socially just one.