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Written question asked by Jon Trickett (Labour) on Friday, 24 January 2020, in the House of Commons. It was due for an answer on Wednesday, 29 January 2020 (named day). It was answered by John Glen (Conservative) on Wednesday, 29 January 2020 on behalf of the Treasury.

European Bank for Reconstruction and Development

Question

To ask the Chancellor of the Exchequer, which documents regulate the relationship between his Department and the European Bank for Reconstruction and Development.

Answer

The relationship between the European Bank for Reconstruction and Development (EBRD) and Her Majesty’s Government is regulated through the Agreement Establishing the EBRD, which entered into force on 28 March 1991. This document can be found here: https://www.ebrd.com/news/publications/institutional-documents/basic-documents-of-the-ebrd.html

The Chancellor of the Exchequer is the UK Governor for the EBRD. All prospective projects are reviewed and scrutinised by the EBRD in line with the Bank’s standard project process, and this analysis is provided to shareholders ahead of Board of Directors discussion and approval.

The UK assesses all projects to ensure that they meet the EBRD’s mandate and have the highest environmental and social standards. EBRD’s most recent assessment is that the project has the highest categorisation under the Bank’s Environmental and Social Policy.

Secondary information

Type
Written question
Reference
7585
Session
2019-21
Grouped for answer
Yes
Transferred
Yes
Subjects
European Bank for Reconstruction and Development
Link
View this Written question on www.parliament.uk