Written by 12:35 BREXIT, International

EBRD Transition Report 2020-21: The State Strikes Back

The EBRD seeks to foster the transition to an open market-oriented economy and to promote entrepreneurship in the economies where it invests. To perform this task effectively, the Bank needs to analyse and understand the process of transition. The purpose of the Transition Report is to advance this understanding.

As the coronavirus pandemic sparks calls for more state intervention, countries face tough choices to determine whether an increased role for government will have positive or negative consequences in the long term.

The Transition Report 2020-21 of the European Bank for Reconstruction and Development (EBRD) looks at the size of the state in various economies and the role of state-owned enterprises and state banks in the modern economy. It also examines the part that the state plays in supporting transition to a green economy.

See the online Transition Report, which also features 37 country assessments. This year in response to the coronavirus crisis, EBRD have added sections entitled ‘Covid-19: macroeconomic implications’ as well as ‘Policy response to Covid-19’. This is in addition to their usual commentary on structural reform developments and key priorities.

Dr. Beata Javorcik, Chief Economist at EBRD, elaborates on the topic “The State Remains Centrestage” at Frankfurt Main Finance’s Food for Thought on 28 January 2021. You can find her presentation slides here and the video recording here.

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