EBRD’s new accountability mechanism goes into effect

Published: 19 March 2010 y., Friday

Banko klientų aptarnavimas
The EBRD is launching a Project Complaint Mechanism, which is expected to enhance the accountability and transparency of the Bank’s operations. Intended to facilitate the processing of complaints regarding Bank-financed projects, this new mechanism replaces the Independent Recourse Mechanism that has been in force since July 2004.

Following a thorough process of review, including extensive public consultation, the new Project Complaints Mechanism includes features that make it more accessible and also strengthen the Bank’s ability to monitor clients’ commitment to relevant EBRD policies.

In particular, the new mechanism benefits from an improved and more user-friendly registration system and wider universe of potential complainants – the Mechanism is now open to individuals, groups and civil society organisations directly located or having interests in the area of an EBRD-funded project.

The Mechanism also provides more opportunities for consultations with all relevant parties and publication of monitoring reports. To further increase the independence of the Mechanism the Bank has appointed a dedicated Project Complaints Mechanism Officer who is responsible for the day-to-day administration of the Mechanism.

Šaltinis: www.ebrd.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

First Japan-Baltic States charter flight

On August 4, the first chartered flight of "The Japan Airlines" will arrive from Tokyo in the Baltic States and land in Riga. more »

EBRD water loan to help construction of affordable housing in Siberia

1.6 billion rouble loan to overcome problems holding up expansion of city of Surgut more »

Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden

Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden more »

Lithuania among Least Expensive Countries in Europe

Results of the latest price survey by Eurostat show that Lithuania is on the list of the TOP 10 least expensive countries in Europe. more »

Digital economy can lift Europe out of crisis, says Commission report

The European Commission's Digital Competitiveness report published today shows that Europe's digital sector has made strong progress since 2005. more »

Obama talks GDP, jobs

US President Barack Obama said that the economy was weaker than he thought when he took office, but there are signs of improvement. more »

EIB and UniCredit support the economy in Central and South Eastern Europe: total funding scheduled in 2009 in the region exceeds EUR 1.2 bn

The EIB and UniCredit Group strengthen their cooperation to implement the Joint Action Plan of the largest multilateral lenders in Central and Eastern Europe who have committed to provide up to EUR 24.5 bn lending to the SME sector hit by the global economic crisis. more »

During the first six months of this year AB Bank SNORAS earned LTL 24 million profit

Within the first half of 2009, AB Bank SNORAS earned LTL 24 million of unaudited profit. more »

69% of workers helped by EU globalisation fund found another job

10,000 workers were helped by the European Globalisation Adjustment Fund (EGF) last year and of these, more than two-thirds found a new job, according to a report adopted by the European Commission today. more »

SEB awarded as the best Internet bank in Lithuania

SEB recently won awards for best consumer Internet banks in Lithuania and Latvia in a ranking presented by Global Finance Magazine. more »