Launched in 1999, the Trade Facilitation Programme (TFP) aims to promote foreign trade to, from, and among the economies where the European Bank for Reconstruction and Development (EBRD) invests through a range of products. Through the programme, EBRD provides guarantees to international confirming banks and short-term loans to selected issuing banks and factoring companies for on-lending to local exporters, importers, and distributors.
Momentus (formerly IFCL) was engaged by EBRD to evaluate (i) the extent to which the TFP fulfilled, is continuing to fulfill its objectives and is contributing to EBRD’s transition impact mandate; and (ii) the extent to which the implementation of the TFP has been consistent with the broader policy and procedural context in which EBRD operates, taking into account the special nature of the EBRD as a multilateral development bank.
For this assignment, we assessed five components of EBRD’s performance under TFP, those being relevance, efficacy, efficiency, impact, and sustainability.
