Effectiveness of the EBRD strategies in the Eurasian economic union countries

Abstract

The given research is devoted to studying the experience of the European Bank for Reconstruction and Development (the EBRD) in term of developing a roadmap of its strategic plan in the countries of the Eurasian Economic Space. The aim of the article is to consider the results the EBRD investment activity in the Republics of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and in the Russian Federation, to indentify the specific nature of the bank financing strategies of projects in each particular country. The objectives of the article are to consider the investment projects in the EAEU countries from the content point of view, to compare them in terms of implementation conditions, duration, capital investment and volumes of financing, to analyze the effectiveness of ongoing projects, to identify ineffective activities in order to adjust the EBRD strategic plans. Methodology. The research is carried out within the institutional approach, the theory of collective action and the concept of political opportunities. Results. The EBRD projects are categorized in terms of bank activities, a comparative analysis of projects of the same type in the countries of the Eurasian Economic Space was conducted. Conclusion. Studying the experience of the European Bank for Reconstruction and Development in the field of investment projects that implement the Bank’s strategies for the development of "green economy", energy conservation, quality of corporate governance and road infrastructure shows that the scope of activity of traditional banking institutions and their interests are expanding to global institutional projects taking into account the objective circumstances of the modern stage of development of the countries of operations.